Payoff on the mortgage is 139,500 today. 

We are all in this together through BP and I can't thank the founder and members enough for making this place what it is today!

PMI protects the lender ... the loan and if you default, the lender gets the benefits.Previously, once your LTV was less that 80%, it was possible to apply to have pmi removed, but many loans today run forever and the only way out is to refi (and they get you for fees again).

We were just discussing this today in my office.

I was thinking today about any other options and I thought about Rent to Own. 

I will cover each of the above criteria below as they apply to Las Vegas.The Problem with ROIROI and similar measurements only show how a property is likely to perform today but real estate investing is a long term proposition.

I met with a "real estate lawyer" today for coffee and after I explained what a wholesaler does, he began to tell me that I need my agents license and that to make up the contracts I will need it is going to start at around $3000....

Today is the 30th day and the borrower's attny called FCI yesterday to request mediation to "save" the home for the borrower (which ain't going to happen, long story).

. (~4-6 bedrooms here).B-level: Similar criteria to A-level but without the custom built homes, 2-income families can afford to live here and raise a family, backyards for the kids, 1500-2000 sq ft houses (~3 bed/2-bath homes).C-level: Majority of houses under 100K, visual repairs needed in this neighborhood, 1200 sq ft average, houses close together, some properties worn down, grass not cut, porch awnings sagging, concrete stairs crumbling a bit.D-level: Struggling neighborhoods, garbage on the streets, bars on the windows, higher crime, crowded areas, downtown city area, wouldn't want to walk around here at night.F-level: War-zone, "get me outta here" property, makes you nervous to enter the neighborhood even in daylight.That's my basic approach when I think about properties and what areas make the most sense to invest in.

Hey all just wanted to wish you all the best in whatever avenue you're pursuing currently and wanted to pass on a Anecdote/quote that I read today that was pretty motivating and hope you get something out of like it did!