When you get a direct contact in the loss mit. dept. you may also ask them if they have any other properties they'd like to get rid of that are in your area.

As you may now know, W. is having trouble... losse$ and lay offs.

This is only an informational form that summarizes income, expenses and profits and losses of the general partnership business.

Along with the credit repair operations, we also do Debt Consolidation, Credit Rebuilding, Credit Restoration, Budget Analysis, Mortgage Pre-qualifications, Mortgage Audit, Loss Mitigation, and Repossession and Foreclosure Prevention.

You can acknowledge their loss, but keep your "sympathy" in check.

(anything over 3 days, you pay for full-time daycare).I do see places where we could cut down on food expenses and entertainment expenses.

If your CMAs come back in the $500K range, are they motivated enough to take a 20% loss?

Built in 1999.Purchase Price (conservatively): $194,900.Down Payment @ 20%: $38,980Financed Amount: $155,920 @ 6% (conservatively) over 30 yearsP&I Payment: $935/monthEXPENSESTaxes ($2,753/yr): $229/monthInsurance (estimated, need to get quote still at $2k/yr): $166/monthRepairs/Maintenance: $200/monthLawn/Groundskeeping: $100/monthVacancy Loss at 10% (conservative, $3,360/yr): $280/monthAdvertising: $16/monthMiscellaneous at $2k/yr: $166/monthTenants to pay utilities, minus trash (absorbed in miscellaneous)INCOMERents @ $700/month per unit: $2,800/month (Conservative)Rents @ $750/month per unit: $3,000/month (Likely)RULES / RATIOS at $2,800 / month.50% Rule: $2,800/month = $1,400 to expenses, $935 debt service, $465 cashflow = $116/month per door.

Convenience comes at a price, and this price is loss of freedoms - we are seeing this play out everywhere.

I see no reason not to market to investors as well as owner occupants.On the other hand, if you still have interest in real estate as an investment and cash flow generator, you may want to look into a property management company to take over the day to day operations of your rental.Just some food for thought, but if you are open to the idea, you can start but looking up property management in the forums.