He never calls & $ is deposited every month like clock work.I loved @Dell Schlabach story.STORIES: We call this the Billops house.When our friend was doing the initial work on this house, he called Chad in a panic, "Dude, there's a crazy guy in the street screaming & waving an AK47."

constant inflow of noisy people" As if all renters come into town music blaring, kids hanging out the window screaming, ready for a huge party.

There were so many times when I would show up and find someone doing something like putting dollops of cement along the edge of a wood floor and want to scream at the level of babysitting required to keep people from making these kinds of decisions.  

This park just screams trouble to me.

I hear that ane think I am going to be up daily at 7am with screaming kids on my front yard.

However, I worked for an appraiser while in college and moved a lot in my youth, so I think real estate is in my blood.  I

The rush in development along Lyons Ave is for the purpose of erasing its extremely bloody history.2nd Ward is the most family friendly of the three.... because it is "policed" by your friendly neighborhood Banditos chapter whose families live there and (ironically?)

in a correction rents do stop they do go down and if your maxed out on debt you do risk the chance of failure in a syndicated deal. lets look at as you state all these folks that have never been through a correction.. and lets look at all the screaming deals that came up post 08.. most were debt related .. debt to high.. rents crashed.. lenders would not renew and or they could not find lenders to replace their current debt.Lets look at those that had massive equity or paid cash.. those rode it through no problem.. but the problem is you out there trying to compete with the syndicators of the world who have to show great returns.. to attract investor dollars how do you do that MAX leverage...

Unless getting lots of registered mail is something you get pleasure from (as well as watching the mail truck pull up and get the sweats when the postal worker comes to the door), I'd run screaming from kay's deal. jmp

The numbers could be very appealing no matter what "rules" you apply.There has to be a reason it's a screaming deal, and I've not yet seen it; however, analyzing this deal brings me to an interesting question were I to pursue it.Say I buy the property for cash, disregard any actual numbers; let's assume I have "normal" tenancy (10% vacancy) in the time leading up to the bank transaction.