They're probably much more likely to care about whether or not you're going to be a pain in the neck during the project to see if you're suitable to invest.  

Then you are stuck with having to evict which is a time consuming and costly process, not to mention emotionally draining as you are going to be litigating against people you may have come to like and trust and whose personal circumstances are out of their control.Biggest issue here is that the bank will be less forgiving than you - they have shareholders and federal regulators breathing down their necks, so while you dilly dally with litigation evicting a family whose breadwinner lost his/her job, the bank is demanding you keep their payment current or they'll take the building from you.2.

Man...I would love to see some of these prices outside of war zones in my neck of the woods.

That I thought was a Detroit phenomenon.I thought there were zero dollar houses there from the original post, but looked it up and found a $5,000 floor with a required punch list of expensive fix ups.If you guys had zero dollar homes just due to bad neighborhood conditions, I thought why not buy some (as experts in buying), and give them to the homeless in the area because sleeping outside in the snow must be dreadfully cold (assuming they would not know how to buy them, even for zero down for whatever reason).Then I discovered the expensive fix ups they required--and that kind of threw a monkey wrench into that theory.It gets pretty cold in your neck of the woods, and removing Hobo's from an area should pop its desirability up a little--seemed like a win win (at first glance).Just my 2 cents.

The investment decisions that you will make when those loans are gone will be significantly different than the decisions you make with that weight hanging around your neck.

Scary looking guys with neck tattooes.

I'm not saying I don't believe in leverage, because I'm leveraged up to my neck for my local properties.

Would love to network with some other NY/NJ area investors who've taken the plunge into long distance rentals/ potentially set up some meetups in our neck of the woods.

A new sewer line would have to be permited and inspected in my neck of the woods .

Don't be stupid and pay your credit card debt when the profits you earn from investing in real real estate even when you make bad decisions will earn you $1,000, $ 5,000, $10,000 and like most investors I know more than $40,000 per year.Everyone telling you to eliminate credit card interest that cost you a few thousand dollars a year is insane when you can make thousand and thousands of dollars by using the cash you have to invest in real estate.I have an employee who raises the hair on the back of my neck one or two times every week.