Funny thing happened around 2003-- by 2006 i was selling- real estate price appreciation was abnormal- Banks started lending money to anyone including non citizens no doc loans- Lower income people moved in my neighborhood in droves- the local mortgage office had a tinted black front window - i am seeing a new strange visitor-- the newly minted chinese millionaire that has illegally sent his money to the usa--- they are bidding with bags of money and overpaying for the real estate--- this is another disgrace of this country not following its own laws.- Pay particular attention to california and ny 

Whole sailing with out closing is screaming for trouble.

Even if the area lacks some screaming good deals, you can make up for it by being nearby and playing on your local knowledge. 2) Identify an out-of-town market you want to be in.

The property should be in an area that will generate visitors.  

I'm a frequent visitor and listener of the Bigger Pockets forums and podcasts.

What should I run away from screaming?

If every building had to be brought up to code people would be screaming at authorities, all up in arms.

During the open house we did do an opinion poll of our visitors and everyone absolutely loved the house.

I know an SFR is feast or famine, but you must have a plan on how to pay the mortgage, insurance & property taxes without a tenant.Having a MFU myself, it's much easier for me to sit in the cheap seats and harp - - but the economics are just screaming here - - you didn't have a plan B for such an occurrence.I guess there's several lessons: No Felons, no Lawyers and have reserves to cover vacancies.

The Rules do not define these terms, and such a hostess should be limited to welcoming the visitors.