We've (posters in this thread) arrived early and we're anticipating the arrival of our long lost friends.

If I was going to buy out of state, I would rather go to the FORMER bubble markets that have crashed (AZ, FL NV), get in below construction costs, get cash flow with low property taxes (NV/AZ have low property taxes...FL does not), and take a chance that they recover at least back to a little ABOVE construction costs.

Then subtract your P&I from NOI to arrive at Net Cash Flow.

How did you arrive at the conclusion that this will not cash flow?

That does not sound like the next great silver crash, yet.

Not sure exactly what year it was, but also remember my husband upset that he had made more that month in the stock market doing no work than he did working for 2 weeks of his vacation to buy the house and turn it over, so that was an aspect at the time as well, although if I remember the market only lasted another 6-8 months before crashing, while our rentals held their value.

The other 2/3 never arrived between the two other parties.Another 1/3 of the rent came in January 2013 from the more responsible tenant.

However, houses that have been sealed up and remained wet on the inside for months are likely to have much bigger problems with mildew and mold when warmer weather arrives.

Thats how I was arriving at a number around 105k.

We have been talking for about a week, her paper work to have me work with her exclusively just arrived today.