But then along comes things like the divorce court system in the USA which can liquidate you like a hot knife through butter.

Hey Sean, the mid-market is pretty hot and affordable if you're looking to invest out of state.

No (reasonable) court is going to side with his claim that his payment applies to the current due and that the past due just somehow mysteriously vanished into the air.

These will tend to be in hot investor areas anyway, so that usually works out pretty well.

Now they only want to let 2% of the air out at a time to deflate it which will take decades.

My interaction with James is from a couple of days ago -- this hot property has yet to be sold. 

that is the pro :-) we always forget the cons :a) current appreciation is very different right now, some CA property is getting hot but FL and TX experienced price reductionb) SF condo has depreciation, but san mateo condo has appreciation lolc) dont forget eviction, maintenance, tree falling, renter not paying, insurance increase a lot and property tax also increasethe risk/reward in rental today's market is not as enticing as 12 months ago.no more 10% appreciation with 7.4% mortgage rate.

Sadly people think they can generate leads out of thin air, meaning the person they called wouldn't have realized they wanted to sell their home had not the wholesaler or investor hit them up to ask if they would be willing to.

Thanks Chad, theres something in the air and it seems to be blowing in all directions.

This area is growing and rental market is still HOT.