They are starting to age out.5.  

Knowing your current state comps is a great place to start and a real estate agent can help pull those figures quickly. 

A foreclosure initiated by Ocwen won't touch your credit at all as you are in a second lien position and not a direct holder of the loan/mortgage.If the foreclosure starts you might be able to recoup the money or lose it.

) the education process has started with me regarding the commercial side of things !  

We buy a handful of single-family properties in this area every year, most recently for between $150,000 and $160,000.

Hi Drake,You are in the right space to get started, so congrats on taking the first step.

Fortunately for me, I started investing a time in the market where everything went up.  

Most 1031s will start in one location and end in another anyway. 

Many newer investors have to start somewhere and older more-beat-up homes are cheaper and can help someone get their foot in the door.As for appreciation, this too is location dependent.

Quote from @Celli Mowery: Hi Jamesinteresting message -I know I’ve seen your name often on the Bluegrass Investors GroupI have spent the last 5 years investing in London and while some of the concerns you mentioned did exist when we started I’m finding we haven’t had issues with tradesmen coming from Lexington & Richmond for us in recent years.