As you can tell, I'm quite knowledgeable and comfortable with NPLs, especially considering the heightened inventory of distressed assets available to the secondary market from the 2008 housing bubble. 

I found this article the other day and thought it was worth sharing:How You, I, and Everyone Got the Top 1 Percent All WrongThere has been a heightened interest in the top 1% and how they're fairing relative to the rest of the population of late in the aftermath of all of the media coverage about it several years ago.  

There will always be heightened risk and danger with cheap. 

That sounds like a great strategy...it requires a lot of cash though.What are your thoughts about holding leveraged real estate wrt heightened inflation expectations?

I would rather lend to someone I know personally and that knows me personally because I think it heightens the payback probability and allows me to judge the most important thing here which is character.  

Provided you weren't trying to dump under performing properties at the time, you may have experienced some short term heightened turnover if tenants lost jobs in the recession, but I still would think that replacement tenants would have been easily found as it is not like all of sudden millions of people no longer needed housing to stay in, so everyone would eventually land somewhere, right, particularly if you are in an upper income area, where unemployment wasn't nearly as badly affected? 

In fact, it puts you in a worse position because the legal expectations are heightened because you become a "professional".You are far better off saving your time and money and instead build relationships with expert agents in your area.

This heightened after listening to Listen Money Matters discuss real estate.

Youngstown is ideal for investors with less capital to work with, but a good deal of out-of-state investors bite off more than they can chew because Youngstown is a very peculiar area -- one street can have nice houses with decent appraisal prices, while the next street over appraisal prices are in the gutter and your likelihood of being shot is considerably heightened.

Each subsequent violation should increase the verbiage to imply heightened severity.