However Iwas warned that in the even of an eviction, if the tenant has access to owners bank account and the tenant deposits money after eveiction has been filed, it would stop eviction and cost me more money.

Originally posted by John Stevenson:I took the time to run some of your basic information through an appraisal spreadsheet ...John Stevenson - would you mind posting this spreadsheet to the BP file place?

I plan on trying to increase equity in any property I get involved in-I have a construction background and a couple of contractrs I would like to get involved with me if this could become a reality.

Usually it involves a 1% fee and you will have to be underwritten.

One thing that is different about the foreclosure process in Maryland compared to other states is that prior to the sale date, the lender does not have to notify the borrower that a foreclosure action has been filed against the borrower.

Many of the successful firms involved with real estate have returns around 8.0% to 9.0% annually.

Another thing you might consider is to find a local real estate group to join and learn first hand from those actively involved in deals.

Look for the ones advertising aggressively on Craigslist... we are currently filing papers to make me his unlicensed assistant which will give me realtor-level access to the MLS.

So, if it were me, I wouldn't like losing a good tenant but I certainly wouldn't sell the place because of it since I know it wouldn't take me more than a couple days to fill the vacancy.To even get me to THINK about selling, someone would have to come up with a good reason for selling that involves me be able to use the money from the sale to do something different and make even MORE money/cashflow.

Either way, you'll need to fully understand all the costs involved.