If you can't pay off the loan or work something out with the bank, they will take the property.And that's how Deutsche Bank ended owning the new Cosmopolitan casino in Las Vegas.

We were thinking that the Mystic area might be good due to its proximity to the Casinos, aquarium, beaches. 

They tend to buy near entertainment venues- I.e. the casinos where people will be attracted to and may spend a few days / nights for a conference, event, etc. 

Hi Bigger Pockets community,I'm excited to learn from this community of real estate professionals and enthusiasts.

Neither of us are lazy,and we're very enthusiastic about the deal.

But that is because the state failed to reign in frivolous lawsuits targeting the insurance industry.by RandyI agree 100%,  strongest industries  Insurance, Bank and casinos... 

The previous owner was a farming enthusiast and had rows of trees and veggies planted all over the yard.

At 78 years old, I am not trying to sell anything only to say "That you need to be darn creative, get up early, start every day with an objective, be enthusiastic, follow-up leads and be ethical in all that you do in the tax sale business." 

There's not much historical growth, but it sounds like the casino is going in and some areas are growing moderately. 

The experience with this property has me less enthusiastic about real estate than in the past.