Anyways if it's just between the Tenant and Me, I can take the pain but my latest drama filled episode has now drawn the attention of the Condo Association.My Tenant decided to go knock on the neighbors door, what followed is a grey area but the neighbor called the police got all freaked out my tenant gets arrested for disorderly conduct.

From what I can see decent quality single family homes do not perform as well as the purchase price of the unit rises more rapidly than does the rentable value, thus depressing gross rental yield and reducing benefits for the investor.

The town is depressed but it is starting to kick back with new convince stores and gas stations.

So I predict this will depress rent levels for a "higher end" type of rental.

Change the area through neighborhood programs, change the reputation of the area, get rid of external issues that keep your rent rates depressed, but all of this take time.

There are several markets in the US that exhibit such behavior, let's pick for example South Chicago where the local economy is plummeting and rising crime rates are pushing small cities into bankruptcy depressing the real estate prices even further.

While I cannot comment on the what the units looked like, I deemed it beyond my comfort zone, due to:1) located in an economically depressed area( class D)..one of the 4 worst areas I can think of in the city.

Well **** - I guess I'll keep on being bored and depressed then

What paper tells us about returns is usually vastly different than what the streets tells us about returns.If you want to invest in these low price point, depressed areas with tired housing getting facelifts without the underlying community getting a facelift, then you will face stiff odds for finding success.  

The market is still very depressed.