I currently rent in the area where these houses are available and their is an extreme shortage in rental housing and I don't see that changing anytime soon.My biggest concern with this deal if I do continue to pursue it and the numbers look promising, is coming up with the down payment.

I can only imagine that there was a severe breakdown in judgement at the Raleigh PHA or a severe budget shortage, or both, during sequestration to bring such a move around. 

I found no shortage of complaints about the system being ineffective and the company/franchisee not standing behind the warranty.  

As we all know there is no shortage of that and the demand continues to stay high.  

Also most of us learned some interesting things about how Korean real estate is different than what we are used to dealing with Thanks to @Jacob Michaels and his wife Victoria with helping to explain the differences.Interesting facts about Korean Real Estate (mentioned by different people in the group)* Insurance is not a major concern for investors in Korea* When signing a housing contract, a tenant or owner can add in stipulations re: who's responsible for paying for what* Only 20,000 Licensed Hotel Rooms in Seoul - Indicates a shortage of rooms* Korean real estate prices seem to be at 7-8 year cyclical low* After earnest money has been placed by the buyer(at least 10%), an owner must repay 2x's the earnest money if he wants to back out of the deal We will be planning another meetup for early December.  

There is never a shortage of tenants looking to rent in Norman.

I am a Realtor in Lake Havasu City, Arizona and we have a shortage of vacation rentals for our snowbirds. 

Austin is experiencing a shortage of labor right now so projects are running long.  

Before that is was the property owner's personal business for many years so there is no rental history to compare with.There is a shortage of industrial property here in the city where I live.

Other areas are rental ghettos and yet they rise in value because there is a shortage of housing.So, you need to really understand the economics of an area before determining what strategies might work.