I've been paying the mortgage on a vacant condo in a depressed market since November. I finally got my first application, and it's a nightmare... bad credit, no savings, high debt-to-income, moving to town with no job... Oh, and that's after dropping the advertised rent by 25%! I know beggars can't be choosers, and I need a tenant, but this seems like too much.
I am bleeding cash... I'm scared that it might be another three months before the next application comes in. Help? Encouragement? Insults?
I am bleeding cash... I'm scared that it might be another three months before the next application comes in. Help? Encouragement? Insults?
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