Suiting the basement is the only way I can make the numbers work to cashflow the property once we eventually move out.

I eventually got the cost of house repairs, 4 brand new pairs of skis and the cars including the hard top on the jeep.

People tend to leverage too high and get between 20-30 properties before finding out the 50% rule would have been really helpful to know before they got into that range.  20-30 units purchased at the wrong numbers will eventually put someones wallet to the test.

I have been quite bearish for a while, suspecting that the growing optimism which has characterised the last few months would eventually fade again as reality began to sink in that this is no ordinary recession and that 'less bad' doesn't necessarily translate into a quick recovery.

- Think Big and Kick ***- 4 Laws of Debt Free Prosperity- Think & Grow Rich- Magic of Thinking Big- Twelve Pillars- The Greatest Salesman in the World- The Secret- How to Win Friends & Influence PeopleThe better you are with your People Skills and bigger your network is, eventually you build yourself a Sphere of Influence and RE Deals will be flowing your way.

RTR must figure that if they play hardball long enough eventually some more money will come their way...other bigger lenders/servicers seem to settle at 3k no problem but that could be because they don't have the time/resources to negotiate for more money.

I will continue to put offers eventually one will get accepted...

From a cash flow stand point, this house will get me the 2%, but I was wondering if anyone takes into account this Cap Rate formula if they intend to sell the house eventually?

Otherwise, usually, the HOA will file suit against the original owner for these fees.The gotcha -- in some cases, the missed payments pre-foreclosure stay with the unit, and the eventual homeowner must pay them when they take ownership.

But, I eventually hope to work this angle as an investor and lease option out to them (I think that's what it's called).I have tried to find listings and do entry only agreements by searching "for sale by owner" in the real estate for sale section.