I would consider renting to try to turn this into cash flow instead of cash drain.

Not an exact analogy but when GM & Chrysler were heading down the drain, their bondholders didn't "withdraw" their funds.

Blocks away from Downtown.HighlightsUnder a HUD contract that pays 90% of the rents.All tile, recently renovated; new elevator shaft.All elder tenants, easy to manage.Assumable mortgage only 6% interest rate100% occupied; 30 person waiting list

When the dinosaurs went extinct it was due to a punctuated climate change from a meteor impact that released dust and debris that blocked the sun.

Paying for a printed ad in the newspaper is money down the drain.

If you want to know the blocks I've been around, Read Meet The Investor here on BP.

When we do our pricing, we do it on a block to block basis, it is deadly otherwise!

Some boarded up homes on the block-- stuff like that.

So, I have my potential for deal in my hands and I wanted to put a quick question out there to see what others think...my end cash buyer asked where the property that I very well may be wholesaling to him what street it is or what hundredeth of a block it's on.

Healthcare is a huge drain on them now.