DANGER DANGER DANGER!!!

DANGER DANGER DANGER!!!

The idea that all weather should remain the same as it was on August 14th, 1972 is crazy.The greatest danger to investing in the Oregon coast is the politics.

Variable rates are dangerous 

remember payments may only be 400 a month at best.. 6 months reserves is a whopping 2400 dollars.. so someone theoretically with less than 10k in cash could get into these properties.. this William I personally think is highly dangerous for lender and for buyer... its not losing the 10k that's nothing its getting your personal credit trashed when you can't make the payments because you lost all your cash.IMHO if you want to be in the rental game you need 20 to 30k liquid at anyone time that you don't have to borrower etc.. this will insulate you from taking a loss. as you build units of course its not exponential but you need a base.And since this is not TRUE cash equity only paper equity there is no hope of selling them for a profit or what you have in them.. 

These were are all in California and put the personal residence mortgage of the owner in danger also.

However they are sometimes dangerous as the Floating Interest can crush you if the rates move up or give you relief if rates go down.

So, if they offer anything of substance I would take the bird in hand and walk away ahead without dealing with any hassles for months.

Never invest in any city on this list: Mapped: The Most Dangerous Cities in the U.S.Low natural disaster risk: A natural disaster can be a financial disaster for you.

As for the practical concerns, in the dead of Summer, you have to be extra cautious about treating AC maintenance properly, because it can be dangerous inside a home that is not cooling properly, not to mention create conditions for mold growth.