We found a property, if we can still buy it at the agreed price, would have been a great deal to buy & hold in an area that is rapidly changing for the better.

Hi Heather,I am also in the same boat, as I have 5 units back in Grand Rapids, Michigan, when I joined the Navy in 2010 and moved away.

If you are not progressing as rapidly as you want to - you need to back up and take a look at what you are doing that is working and what is not working.

Under present rapid acquisitions rules, new real estate investors (non-seasoned) may acquire two non-owner occupied (investment properties for each of the first two years using financing from one lender.

There is no way for anyone to predict that for you accurately---if time/speed is the goal, you could try a rapid rescore.

RE is not a market with great liquidity or with substitution (1 house is not exactly the same as another compared to 100 shares in a company being the same as 100 shares of the same company).You do need to know your market and you do need to adjust to local conditions as they change.RE prices do not fall all that rapidly.

While even these "star" markets will be working their way through a period of price adjustments or a lengthier listing period at least their core fundamentals are sound.Those home owners who are unable to pay their upwards adjusted mortgage payments and who have not been able to re-negotiate their loan terms with their Note holders will assuredly become "tomorrow's renters".It's already started in many areas... rental availabilities are rapidly shrinking = a strong potential for investors willing to build SFRS for rental or for "sale" under Lease with Option to Purchase contracts, 2-4 unit multi-family and new apartment complexes.In Myrtle Beach and parts of Charleston (SC) developers of recently completed condos are now replacing unresponded to FOR SALE signs with "Lease with Option to Buy" signs and are now actually seeing evidence that strategy is WORKING.Savvy real estate investors are targeting "spec" builders with unsold inventory that has become a "money drain" in terms of interest carry and are buying SFRs for 10% - 20% below actual cost to complete.

Many of these purchases are near foreclosure, which happens rapidly in Texas.

I am currently apart of a multi company business consisting of a construction company and an investment company located in the Grand Rapids/Kalamazoo Area here in Michigan.Sincerely,Andy Lethcoe(Michigan Investor)

In addition, our country is rapidly becoming a service economy which doesn't actually make anything.