I took mine starting last May on Saturdays with Dick Rubino who is an excellent teacher and a wealth of knowledge.

It's like a giant game of telephone.  

Any chance you are related to Dick Savery in Sherborn, mA?

The roof has a giant hole in it and you can look through the window and see the blue sunny Florida sky!

It's a giant pie-shaped lot at the end of a quiet cul-de-sac.

But the GSEs are GIANT, that's why it works for them. 

I then put maybe 1-2k in improvements to make it rent ready (good cleaning, maybe paint, etc.).I then rent it out for $800 a month and get a tenant on a 1-2 year lease.My expensese:Mortgage: $200 per monthProperty Manager: $80 (10% of gross rent)Insurance: $70Taxes: $110Grant total:  $460.Rent is $800, so profit is $370 per month.That being said, I just shove that money into a giant account.  

Martin its sad that so many city governments are legislating the creation/retention of giant slums... 

Your probably going to look like a giant waist of time, and they are very busy.- The value 10 years ago is mostly irrelevant, however, it's a concern that you say it now comps $50k higher than the height of the market.  

Bloomfield's looks really good with a lot of new things coming soon and a giant supermarket chain that will be opening soon any investor with tidbits please let me know always willing to learn something new