I don't claim to be a super experienced investor but I know my market, ride around via bike, and see what's happening on the streets.

I'm looking for some insight into whether I should take this opportunity and ride with it (like I said, I think the location and land with this property is priceless- the house just needs work) OR if the loan rate is just ridiculous and doesn't make sense to take on right now with rates so low for conventional mortgages.Thank you!

Having a lucrative career and being able to pursue these passions is no longer mutually exclusive and I expect some of these markets to continue to surge.Wind surfers are market makers along with those that like to ride their bikes in the mtns.. etc. 

I'm trying not to let the Los Angeles landlord horror stories get to me and crossing my fingers we don't get taken for a ride on our first 4 doors. 

While people have made a lot of money on housing appreciation, and for many, this has been their entire adult investing lives that this has been a potentially lucrative strategy, this is an extreme fluke in terms of the overall sweep of housing market history, and it's not one that I want to ride out, waiting for the next crash.I am a boring person who likes multifamily. 

As a passive investor, you’re a passenger on a plane ride.

It appears to me that the occupants might just ride this out to the very end to get free accommodation which is not ideal at all.

If you need a nice ride, rent one.5.  

Still, it is a stressful thought knowing your deal rides on one report, especially if your seller is maxed out on his lowest price. 

This property has all paved roads ride up to our driveway, that we understand are all very well maintained in the winter.