We don't recommend that but were watching closely more fore science :)  The automation with Turno and Schlage encodes is by far the biggest help plus it gets a little discount on the property consolidation with Pricelabs. 

Note that DSCR generally has a minimum loan amount depending on situation and if you qualify for conventional loans, there would be community lending incentives (even as an investment property) for some of those areas in Indiana.  

If you would have simply held on and collected rent for 72 months, you would have been up money...and that is buying at the peak right before the biggest real estate bubble in modern history.

Maybe that thesis is wealth flows to the biggest and best cities like NYC therefore real estate will outperform else where in the country.

The biggest concerns are external factors from the president, the president did not have play in the S&L crisis back in the early 90s, and same for the 08 crash; the president did not effect that or have the ability to play a role in it to see the large down cycle. 

The biggest mistake people make when attempting to invest overseas is trying to apply US strategies overseas.

I think that is the biggest issue but perhaps next year when my income is better I might be able to use both my income and the boarder income.

Keep in mind that about 40% of the population rents.I agree with you that buying a run-down property requires experience, the biggest concern is that you don't get enough discount for the condition.

Ali,When planning to buy in NJ the biggest thing I would tell you is to plan/research for the closing costs.

It's the land/location increasing in value - not the home itself, in my personal experience and opinion I think location is the biggest factor in mobile home and manufactured home pricing.