I mean as long as you use your noggen and things make economic sense you should be ok with thie strategy.

In our initial investigation we determined that we didn't want to invest locally since we live in a economically depressed area with limited employers, so we did the easiest thing and bought a turn-key property in Birmingham.

datafinder.com or REIskip.comdatafinder is cheaper at $0.06 USD per phone number and $0.04 USD per email$99 USD minimum order, so you might as well turn in a list of 1000+ names to best economize your data.REIskip.com is about $0.24 USD per number I have no idea about data quality ... also, google "data hygiene"  

Happy 10th Anniversary of 2008 great recession :)CRISIS AND CONSEQUENCESThe Epicenter of the Housing Bust Is Booming Again.

I'm just not sure that it has huge growth potential and the economic outlook is sluggish.

So, given that there was a crash 10 years ago (and some people forecast another big one soon) and there are plenty of investors that do ultimately fail in healthy economic times, what does that look like, and how do you recover?

Debt free 20year holds in Denver means that he was buying at the end of the RTC crisis and  right when telecom was just starting to lift Denver from the horrendous housing slump of 86 - 94. 

Although you could refinance after a little more than a year (assuming property values stay the same) into an 80% ltv loan, a lot can happen in a year (tenant moves out, roof needs to be replaced, economic downturn, etc) that you need to weather.

It is a economic driver meant to ease influx of investments.

This may be as high as a 1890 year old 1 bath home go in this economic cycle.