Here is my problem (it's a great problem, but still one I need to make the right decision on):I bought a five unit five years ago for 630k in an amazing location on a quiet street in the heart of downtown Hallifax, Nova Scotia; pop. ~380,000 people.

I agree with Don and Jon (for some reason Don Johnson's name just popped into my head...).I prefer to look for Class A and B properties in my area and 1% would be considered "good" for a MFH.

Old Killeen (around business 190) has a bad rep since that's considered a bad part of town but a lot of mom and pop shops are in that area.

My advice would be for you to call and have coffee with as many mom and pop owners as possible.

Just wondering if anyone else is having unexpected issues pop up.

Semi-nursing homes with limited care may be given.Low income housing, new units under tax credit programs.More si-fi, private communities larger tracts with seperate housing units in rural areas, one is popping up near here.

never heard of him, but if you PM me the address, i can pop in tmrw for you, (if it's reasonably close) :)

Steve Babiak I was just in Philly and my mom was saying the casino in Chester was slowing down business in the mom and pop shops.

Just a quick update on this story:Most of these houses have been popping up for sale.

Some of the core markets now are trading at crazy prices and really low caps.I have also seen where a house used to be worth 160k and at it's lowest point the value with foreclosures was worth 75k.Because pre-foreclosure and REO inventory has dropped that same house is trading at 92k within a span of 6 months.I have seen new home subdivisions start popping up as builders feel more confident taking a risk to jump back into the market to sell houses.I wouldn't really call it appreciation as much as a market correction and recapture as the bad assets are worked through they system.