@Doug BrownWelcome aboard the vibrant BP community.

@Jorge OrtegaWelcome to the vibrant BP community.

@Jonathan Herbert- Welcome to the vibrant BP community.So, let me try to address your call for help.My theory is that no pain results in no gain.

Overall, you want to invest in a market moving in the right direction versus stagnation or declineI like the market to have a diversified set of industries / employees - that way if one industry declines in the future or a company goes out of business or moves it doesn't depress the city (think of upstate NY when Kodak when out of business)I like purchase prices to be more reasonable and closer to $100,000 for the median property price.I like a city that has a relative high percentage of the population that rents so I know there is a large and vibrant rental pool.  

@Tanya LamWelcome to the vibrant BP community.

@Jordan HanksionWelcome to the vibrant BP community.

@Aaron StoneWelcome aboard the vibrant BP community.

Take out maintenance and a reasonable management amount and if he likes you, you'll have a good chance at it.Get with an attorney to do the note and closing and set up a loan servicing company to service the note for both of you, you can search that on BP.If you have an LLC, title it in the LLC's name to begin with, you might be able to make it a commercial flavored loan staying away from all the issues I've been talking about today.

While it may sound like it is in the middle of nowhere, if it is a town that services all the farmers in a hundred mile radius, it could be very stable and vibrant.

Just like in '06 where there wasn't a country club up and down the east coast that didn't have at least one member talking about how they got their cash in a hedge fund and knew a guy who could get them in with Bernie.Beware the flavor of the week.