That's a nice turnover period, though I think you should remember all of this hassle and start interviewing other property managers.  

I've got lenders that will loan to entities with no personal guarantee.  

Neither the owner nor any family member will be allowed to buy it in a short sale, period. 

I'd really like to own a property in the city, mountains and beach so we can choose which we want to enjoy for any period of time we want!

. ;) But what if you could build 3x as much equity in the same time period?

the rental property was out of service for an extended period, Schedule E will reflect the costs for renovation or rehabilitation as repair expenses.

yes, HUD is notoriusly slow, just like anything else with the government, and they do prefer owner/ occupant sales over investors. there are many other creative ways to find and buy real estate. i use HUD for one resource only...... to find other houses. vacant houses are like deer at night, where there is one, there is another. i look up a HUD house, go to see it and then take a tour of the neighborhood. i would almost guarantee you that there will be another vacant house in that same neighborhood. i have personally bought a couple of houses simply by going to look at a HUD house

We also have two interested buyers who are going over plans now and we expect to have them under contract before our due diligence period is over.

The banks would need to pay that rate to keep deposits going into the bank and remain profitable by lending money out at higher rates.Some non-bank lenders might hold out for longer periods of time but the rates might be 100 to 150 basis points higher on the rate.

Hi Jay,There is no redemption period (props have already been through the courts).