I believe this 100% because the same thing happened in another town in my county and now that towns current median household income is at about 100k a year.Okay so finally the questions I have.Do you guys believe that it would be smart to invest in cheap properties (<50000) now while they’re still cheap and hope that they are able to turn the town around?

 @Keith Nelson With your budget, its going to be tough to find a good property in the area unless you looking at a condominium or townhome.

I was thinking of making rent all inclusive with rent, utilities, cable, internet, cleaning services and household common area shopping( toilet paper, soap etc).

I'm also now part of a dual income household.  

As seen in the excerpt below from the DRE website, a "residential mortgage loan" is primarily for personal, family, or household use.

My primary residential insurance policy will not cover it because our rentals are out of state, all the major carriers will not provide it either unless we move all of our primary household and auto insurance to them and a couple of companies are only willing if we purchase building coverage through them then they will add on the umbrella.

Jerk got what he deserved, but came to find out that repair was not covered by my homeowner's insurance.Apparently damages caused by insects, birds, rodents and household pets are not covered.  

He asked if I have roommates and added their annual income so that I could have a household income of $70,000.

Originally posted by "**********":As of May, one in every 483 U.S. households either lost the home to foreclosure, or received a default notice of default.Many cure the notice of default.

I'm looking for an agent who has experience in Condominium and Townhouse/ Townhome foreclosures.