They would prefer them to be torn down and apartments, hotels or casinos built there as they bring in a much higher tax base for the city/county.

The place you've mentioned, Is that where Emerald Queen Casino is ?

The advantage of the blanket loans is that they open up slots for standard conventional loans. 

I had two try this one us and we just said no and they clsoed anyway.. we had a sale yesterday to a hedge fund that closed with no hitches we have one today in Vegas were we had a FHA buyer  the only issue is they had to get a letter from their employer that they will be back to work once the 30 day closure of all Casinos' is over.. so thats closing today with no concession.. 

I mean I was in Oregon and bought 13 new construction homes down there for the tax bene's it had to be new construction.. so it really boomed the area.. all the Casinos got the huge write offs car dealers all built new facilities office and retail went up all over the place.. it worked.. maybe something like that would work on a national scale..

PM me with some time slots and we'll find a time that works.

Here is Russellville we have the 3rd largest university in the state and are about to get a very large casino resort.Honestly, if I had $150k in cash I would be looking to put $50k down on three different properties and spread the risk. 

If you can fill your first three-to-five portfolio slots here, that would be a great start.2.

Total return through principal paydown, tax savings and cash flow were about 182%.My real estate strategy is clear:Acquire real estate properties that cash flow on 10 and 15 yr mortgages (I already have all my 30 yr slots taken)Acquire real estate in good areas (accomplished with this Collierville property)Acquire real estate to save on Federal TaxesUse 30 yr mortgages to support shorter term mortgages with lower cash flowOnce 10 yr mortgages get paid off, start paying off the oldest 15 yr mortgagesKeep acquiring properties to save on taxes as deprecation schedule is being accelerated At some point, with enough paid for homes, start paying myselfThat is why the 182% return is so important.

Also - another personal funny moment - I love that our society says you can blow money at the casino with equity in your home, but don't you date invest it lol.