This is so depressing.

From what he told me, "the tenant moves in, pay rent for 3 months, dont pay for 3 months, gets evicted and leaves $2000 in damage"..He sounds so depressed that I don't want to drill, even though I was very curious.... ugh....

My guess is they are doing it because flooding the market with inventory right now would depress prices.  

I've verified with a few established PM's the various rents and the realtor on the deal even said they rents are depressed because the owner doesn't want to deal with vacancies.I'm glad to mentioned the loan Account Closed because that is an area where I simply plugged some assumptions.  

I'm 21 years old, and am full heatedly wanting to become an investor to leave my software job that I'm depressed at.

Feel free to contact me if I can be of help.As far as lower priced properties, the Muskegon Market is still quite depressed in some areas and can return very nice profits.  

When you really crank out that math, it gets even more depressing than how you're seeing it now. 

In a down cycle, where prices are depressed and the psychology of the market is pessimistic, then values are down and below "replacement cost".

Because its too depressing.

The houses in my area are affordable, but everything in this price range ($0-$20K) is in poor condition and located in depressed parts of the city.