Mike, Turning one property into a loser to buy another that will have a positive cash flow doesn't make any sense yes, but keeping in mind that an investors goal is to grow their portfolio, The equity base in one piece of property (the 200k ARV) could in fact give him the power to leverage more properties that have higher individual NOI's, utilizing that properties equity base makes it a winner, not a loser.

People make very bad decisions based on emotion.Get educated about the local laws and your recourse and make a logical decision.Good luck!

I agree Jeremy.Banks aren't so interested when properties are leveraged 35% over true market value.

A forensic loan audit is where an attorney carefully examines the homeowner's purchase or refinance loan documents for small screw ups that may have been made by the lender so as to gain leverage for obtaining a result, that being capitulation by the lender.

If the Finance degree can serve you well either in your current or potential future non-RE related jobs, I would always recommend education.

It would compliment your CPA education and give you the tools to better understand real estate investing.

Nothing else If you want education here are 2 that I have persoanlly interacted with that can teach you something Larry Harbolt Pete Youngs I am sure there is more, I am probably forgetting a few too.

He says that if it is, you have legal leverage to go back to the bank & have them adjust the loan.

Hi everyone! Ok, say I wanted to get started in wholesaling yesterday, and am just seriously looking to get just one deal under my belt as soon as possible, for both cash and credibility. What would be the one, singl...

BiggerPockets.com is a great place to educate yourself and ask questions of those people who have experience.Good luck to everyone, and sieze this opportunity to build wealth in the current real estate market!