The hit to home values (if any) would be short term.

You say that you're planning to hold these properties after rehab -- have you verified that any of these lenders are willing to lend for more than short-term?

If you are looking to resell the units in a short amount of time then consider SFR because the resale is easier, the gains can be higher and the interim rent is higher as well.Tim Czarkowski makes a good point about financing.

But, long story short, I found myself way over-leveraged when the recession hit and took a bath when the markets (I had three rentals in three states) tanked.

Mike,The long and short of the matter is that if an agent stops by with a buyer make sure you sign an agreement that he/she can present a offer for this buyer.

Hi everyone, I'll make this short and simple, anyone know where to come across L/O contracts out there that are the most acceptable?

Rich Weese Thanks, I think....Hope your trip home was short and pleasant.

In fact, it was removed from the box, and the connection was shorted with TV cable wire!

It's an easy, short read and talks about what to look for in notes.

Distressed properties (Foreclosures, short sales, REO etc) are readily available and are being sold for cheap.2.