However in the meantime my market has exploded.

But its exploding as folks reverse the trend of moving from the burbs downtown and are now moving from downtown back to the burbs  mainly because of the unsavory elements. 

The DFW area has exploded over the last 5-7 years!

I always thought Scottsdale was crazy expensive with all wealthy hired folks living there and golfing everyday, but I'm just an outsider from the mid west :-)Austin is exploding and has been for a while. 

The suburbs all within commuting range of Austin are all exploding and just as on fire as the city.

If rents are exploding but my costs haven't changed I probably won't.

If I have the property in an LLC or corporation and I get the non-recourse loan and worst case scenario the house explodes/burns down and I can’t pay back the lender and I have to foreclose - I don’t have a foreclosure on my personal record, all I lose is my down payment, and the foreclosure is on the LLC/Corp and I dissolve it and that’s it?

I'd love to learn more about that market as it seems to be exploding - to date I've been focused on the southeast but seems like that areas is getting too explosive to ignore. 

There are areas in Sacramento where rents are exploding with virtually no vacancy. 

Clarksville is an exploding market and homes are appreciating very quickly and do not last long at all as more and more business move here. 3.