I’ve watched clients reinvest capital from a tired old rental in one part of the country into vibrant, up-and-coming areas like certain pockets of Austin and San Antonio.

Once that phase is complete, I’d transition back into long-term holds.As for the cash-out refi, without at least doubling the rent, I’d be in a net-negative position each month, which doesn’t seem like a worthwhile trade-off.On the tenant side, I agree with your point about the business aspect—it’s something I’m working on coming to terms with.

I agree with Sid, I screen hard.

Also I agree buy direct through turnkey provider or broker.

Everyone just relax and make sure you have adequate insurance, it'll be ok.....I agree, LLC overkill.

I agree with John: if the photo will detract, don't do it.  

I agree.

This is only if the bank agrees to sell for less than the amount owing.

For instance, someone making $500k a year and living in a very highly appreciating market might be extremely happy on a deal that loses $200 a month but is getting 5% appreciation on a 2 million dollar property in San Diego, butut that doesn't make sense for the investor with 30k and a lower paying job.When it comes to the book series I agree with you that the order doesn't make sense (having read both).

I agree that between Oceanside, Carlsbad, Bay Park and Clairemont, Oceanside will be the most reasonable market.