The truck you bought will instantly lose value the moment you drive it off the lot, it will depreciate over the years due to the miles you rack up on it and the normal wear and tear of a vehicle.

if you are going to do the court house steps deal - be sure you can settle.Alternative:view the property well in advance of the auctionfind the owner - find out their problemstry to solve the problem before the foreclosurestop the foreclosurebe careful of foreclosures laws in your areatry to CONTROL AND ROLL the property using an auctionfind better deals - too many issues with F/C buildingsthere are easier better deals everywherewhat you want to do can be done - but start early - find them in the court house before they are publicized - get a head-start on the competition. 

Purchase price: $215,000 Cash invested: $55,000 When we talk about long term rentals the goal is to buy something that people are going to live in 3-5 years with the ability to raise rent over time ahead of insurance, taxes and inflation.

Just purely looking at numbers property 2 comes out ahead buy a few hundred bucks a month depending on how high it gets bid up.Any advice on this?

Just a heads up, if you need to count the rental income from your departing residence to qualify, FHA will not be an option for your new home unless you move over 100 miles away.

And it causes the 16 year old driver of the other vehicle to have brain damage and loss of mobility which will require 24/7 nursing care until their death at 75 years old.  

I think this will not be popular with some tenants as they aren't planning that far ahead? 

We have her money in a high interest account making almost 5 %, but with the recent string of bank failures, were thinking it's better to go ahead and get that into property instead.

Being a land lord and collecting rent it seems to me will stay the #1 vehicle especially for folks just starting out.I created a very unique note investment back in 2012 and a few folks knocked me off.

It is a vehicle like any other investment where you can cashflow and build equity.