The only way you would Ever want the figures to come out that way, is if your purchase was a speculation play, to cash out a large chunck of equity down the road and you could support negative cash flow each month.

Do I return the portion of rent I received and demand the full amount or accept it?

But, if not, you can play hardball with the former seller who is now calling Countrywide to complain.You could call them and ask them what their chances of buying would be with a foreclosure on their record?

I have many other investors who would follow my lead.To play devil's advocate here, I am guessing that the properties truely do not cash flow since you are not willing to share how.

What you need to do is pick a area that you can find your first property to kind of play with.Are you looking to buy and hold for the residual income, or are you trying to FLIP.Whatever it is you are trying to do.

The answer: You need to pay to play.

Platinum might be more reasonable play as I think it's a bit oversold, although with auto-demand dropping demand for platinum will continue to decline.

In other areas, supply and demand haw lowered the price to the levels you've seen; such as $7,000 for a house.

Any experience with this sort of play?

The landlord comes banging on the door and demanding to know what all the racket was about; asks why we're stomping around and yelling to each other.