Pros and Cons of being a Landlord
Pros:

• This career does not require a real estate license. You can be a bona-fide landlord starting with just one rental property. You can hire a property management company to collect your rents and to maintain any repairs that are needed. A management company will usually charge up to 10% of the total rent collected.

WHAT IS A SHORT SALE??!!

Short Sale
A Short Sale is a process during a pre-foreclosure procedure, whereby the bank will accept a lower percentage amount of the face of the loan, as well as deduct the interest and penalties, due to the financial hardship of the homeowner. These houses are generally owned by people who have purchased their home with little, or no money down, or own homes that are in areas that are very slow to appreciate. They are also homes that are distressed to the point of value depreciation, or cannot be compared to other homes in the area because of the disrepair.