Ya I couldn't agree more....Here's my list of reason for doing REI:1) You can never get fired so you have permanent job security2) You can work from home which has it's own huge set of advantages3) You can set your own schedule, wake up when you want and work as many or few hours as you want.4) You set your own pay5) You're often earning as much or more than high power doctors and lawyers.6) Once you have as little as 1 apartment building you likely have enough income to never have to work again if you don't want to.7) As you continue to acquire rental properties your month cash flow rapidly goes up into the five figure range and eventually even six figures.8) You can do a deal from almost anywhere in the world.

HiMy names Eric MedemarI am a newer investor from Grand Rapids, MI.

The market here is very stable...we don't see a lot of appreciation but there's also very little fear of losing great sums of money due to a rapid depreciation.

I work the Grand Rapids Market very successfully and would be happy to help you with your market in Kazoo.Eric Medemar

drweltman,If you are still sitting on that property, then I would recommend rapidly lowering the price to get rid of it.

I was looking at a property in a very desireable neighborhood in my town, I can get the house for 60k and the owner will hold 50k of the mortgage, there is however around 35k of work that needs to be done in the home--when done the home should apraise at around 150---here is my dilema, this can be a good flip, however this area is rapidly apreciating and I can get around 800 a month positive cash flow by renting---how can I get a loan for the down payment/closing and repairs?

A seller may also try to back out of the contract if the real estate market has appreciated rapidly and the property significantly increases in value.

Take a look at Pittsburgh, whose real estate market experienced rapid recovery shortly after its population showed some growth again.

I have been looking at other cities like Kansas City, Indianapolis, Atlanta, and Grand Rapids (Michigan).

Underwriters look for rapid acquisition of properties from a nationwide title search, they double check address and if there are any discrepancies the borrower needs to write a letter of explanation on title and the credit report as well as other methods.