Or do you suppose those Fat Cats driving a Company Mercedes E350 don't take it home to their own garage?

-Neighbors are not so great here either, but less problems than other places we have lived.Option B:Stay, rent the rental I was planning on moving back into back out for another year (or try to get the existing tenant to stay, fat chance since they are already sending reference checks my way for apartments) and the MIL apartment out for $375 more per month total (they were slightly under market rents).

Everyone will be pointing fingers at each other while you will be stiffed with the big fat IRS bill.

I had a situation where a friend an I were trying to pick the lock on a vacant condo we bought at FC.My friend is a former police officer so two middle aged, fat white guys spent 35 mints picking a lock in B- neighborhood in broad daylight and nobody noticed or called the cops.  

When moisture is evaporating up though the slab and ultimately through your grout joints you'll get water soluble minerals that are left behind on the surface of the grout, its called "efflorescence", and yes, its very hard to clean.The only ways to avoid this is to check the subfloor with a moisture meter to be sure it's completely dry or installing a vapor barrier over the slab prior to tile. 

While I would think active investing (you know, wholesaling, flipping, being a landlord) as well as value adding to the property, would deliver a fat check, I would think passive investing would be equally as beneficial, especially for beginners, as well as more opportunity to invest in other markets than the one you reside in.

Hi @Nick Zocher,It's rare that anyone does this, but in theory you can...1) Buy using a normal mortgage, typically a 30 year fixed with a jacked up rate and fat lender credit.2) Not wait six months.3) Do your improvements to make ARV the current actual value.4) Cash out refinance with hard money or a friend or whatever.

She'll haul anything and everything I need for my rehabs, plus she rides like a big fat Camry--comfy.I do not trade in my vehicles every couple of years.  

I agree with @Ro Maga - 203k breathes a big fat hassle, inevitable delays (ask me about lead paint...), and red tape... but it's worth it. 

The Omaha REIA meets monthly on the 1st Tuesday at the Ozone Lounge/Anthony's Steakhouse off of 72nd & F at 6:30 pm.