The increase covers two years that they signed on for so that lease runs until 2017.

Also, how would you craft the agreement so that you are protected but it is a win-win for everyone involved.I recently listened to one of the older podcasts, where the subject to is crafted in a way that gives the initial buyer a 60 day option to find a buyer wanting to do a lease purchase.My good friend owns a nice 2004 3/2 down the road from me and she is recently divorced but is stationed in CA in the Air Force and can't afford the maintenance on it...she has rented it the last year but couldnt get the rents because of some of the deferred maintenance issues so she can't even cover her mortgage now.  

My two cents is that it is somewhat ironic that the hardworking middle class voters who elected these government officials are indirectly being taxed because ultimately some of the added tax burden will be placed on their shoulders in the form of higher rents to cover higher tax bills.Also, are there any investors out there that feel like these increased taxes will help break the current market cycle?  

Most properties covered by HOAs with in law suites can't be rented out without running afoul HOA regulations.

I am looking for a source of funds to cover the 20% remainder.Alex

If you can lock down a 15 yr amortization, you could probably get that $200/mo cash flow and still cover all your costs and retain ownership.  

Purchase price was $435,000, and the seller gave me a credit for $15,000 to cover various repair costs, particularly roofwork in anticipation of El Ni

Purchase price was $435,000, and the seller gave me a credit for $15,000 to cover various repair costs, particularly roofwork.

Daren & Elizabeth,Were are you finding Umbrella insurers to cover you considering you have 6+ properties?

IMO, once a foreclosure has begun, it's no time to jump into the deep end of the pool.Duck, cover and get out of the way.