Loss Mitigation and a Legal Department.

Nadya Suleman is already getting food stamps.

To be fair, low income tenants do require more management because the farther down the food chain you go, the more they act like 2 year olds.

Most claims aren't total losses, so if the house is in a depresssed market and sells for say $40k and has a fire in the kitchen...could easily be $20k in (retail) repairs and they're getting premiums on $40k, the math doesn't work like it normally would. 

Now I've been told that I can write off many of my expenses, but since I have not generated income yet would those be considered a loss I assume? 

Even if I just break even or have very little cash flow, as long as it's not a loss it's effective . 

The thinking is, that although they are taking a loss on the note, something is better than nothing.

I use the passive losses (depreciation) to offset some of my passive income (i'm a passive partial owner of a small business)So, for me low teens CoC is great.  

Almost all the above posts consider the 3 out of 5 to be renters, but here's food for thought: Consider that the.homeownership rate is somewhere between 60% to 70% ...There's a reason lots of foreclosures are run down and need repairs big time ...

Granted not all have huge spreads but it does buy AV gas and puts food in our mouths... :)NO football today so hanging on BP