While at the pool we noticed a lot more foreigners than years past.

I am back and forth between Nevada and Malta (Sunny island in the Mediterranean Sea).

It won't here, but you could check your area.A couple of rungs up from what I call "the bottom" might be the best bet.Affordable, in town, so big tenant pool, but not fearing for your life or tenants who are too undesirable.

`(p) Enhancement of FHA Capacity- Under the direction of the Board, the Secretary shall take such actions as may be necessary to--`(1) contract for the establishment of underwriting criteria, automated underwriting systems, pricing standards, and other factors relating to eligibility for mortgages insured under this section;`(2) contract for independent quality reviews of underwriting, including appraisal reviews and fraud detection, of mortgages insured under this section or pools of such mortgages; and`(3) increase personnel of the Department as necessary to process or monitor the processing of mortgages insured under this section.

Anyone from around the space coast in Sunny FL?

Where I am owners pool funds to acquire large properties or a mix of properties and usually get a nice rate of return.

Paying your property free and clear before you buy another is like not going out of the house on a sunny day because you might get struck bye lightning.

They must cost the lender a ton of money to keep up the yards and I've been hearing lots of stories about all those big pools going foul.

You've greatly reduced your pool of tenants because they need a month's rent, security deposit, and the option money to move it.Since it is a rental, you're going to be responsible for big items like a furnace or roof.

I don't much like two bedrooms because there's a smaller pool of potential tenants. 3/2's are the "bread and butter" houses.These sound like $20-25K to fix up.