The housing market boom the last few years threw a wrench in my plans, after searching for a home for 3 years I am still searching and have yet to purchase my first home.I currently have approximately $60k to put toward a home for myself + investment property.

And he knows the metrics here enough to trust that the economy will probably keep chugging along, neither booming nor busting. 

They bought these 3 during the boom times (high prices).Bought home               Price paid      Ask price    Sq-fthome 1 June '06        $82.5K           $81.9K      1460home 2 Oct '05          $93.9K           $76K        1120home 3 Mar '06         $62.9K            $77K         892Homes 1 + 2 for sale in Dec 2013 $74.5K, 75.3K respectively.    

When late rent happens, it's all hands on deck to collect or get the tenant out. 

The growth from there down to San Antonio was noticeable and I imagine it's booming now. 

So I was impressed enough to invest right at 3 million dollars with ABC in the last 18 months and my experience has been normal for the asset class.It just sounds like you have one asset.. you got that one bad tenant and now your lashing out.For those that invested and are frustrated that rehabs have taken a little longer.. this is just a fact in the booming economy Labor is toughI used to build new construction in Oregon in 5 months now its 8 months.. just a fact of business does not make me a bad builder or operator.

If they close that base down, a booming military town could easily become a struggling city with high vacancies.

Ely is an area with a booming economy and a severe shortage of rental housing.

The technology boom hit and Pittsburgh never caught up.

The Bay Area is one exception I think where the 'Valley Boom' is alive.