Sure you could glue them down, but nice wood floors will go down on top of plywood that is nailed to the concrete and the wood nailed to the plywood.

Both "bad neighborhood" and "war zone" are very subjective terms and Deuce hit the nail on the head in regards to the gut feeling.

It appears many investors flee their own familiar market because this "rule" is telling them there are NO DEALS in their area.You pretty much hit the nail on the head.

You've eluded to many variables that, without nailing those variables, make it extremely difficult to assess this from a financial perspective.That said, if you are a "newbie" and are thinking of investing in an area that has a lot of turnover, I think you are in for a very disheartening experience.

There is not one nail in a building in any state that was not regulated one way or another.

I say Mike hit the nail on the head.With multiple liens, you DO NOT want to do a deed in lieu of foreclosure as somebody suggested above.

Joel's post hits the nail on the head, and I'll try not to repeat anything he said, but did want to make a few of comments of my own. 1) Don't expect business to come to you.

In Germany we state these licenses "master craftsman" and you need an "master craftsman certificate" for hitting a nail into a wall.

Landlords that have pulled this including investors who sold on contracts have been nailed for fraud.

Hit the classifieds and craigslist and while you are biting your nails until the renovations are done, BE a prospective tennant.