Speaking as a native Mississippian, people who are looking for a beach vacation go to Gulf Shores or the FL panhandle where the beaches are much nicer.

High end homes though got it bad 50% was the norm.. so a 2 mil home in 07 sold for 1 mil in 09 and is probably back to 1.3 or 1.4 today.The mean in our market is just under 300k after bottoming at 260k so we are right back at 07 levels JUST about.And I whole heartily agree if you live in a market and know the neighborhoods and can react to situations. then by all means load up on those low  value assets...

Upside is, beyond it being a bit of a riveting one, his experience takes some of the surprise out of how a bad tenant can react, and you'll have a better idea what to do when it's your turn.

Tic, Toc you are losing time and your case with every second wasted in not reacting swiftly with full resolve to get rid of this tenant.David's tenant temporarily owns him at this point in time.

My current job(hairstylist) has prevented me of doing that because of clients and how they’ll react.

Our government over reacted but continues doing a good job rebounding and steering the economy towards a soft landing. 

I'm an Arizona Native but I've only recently moved back to the Phoenix area with my wife of 2 years. 

I am a Phoenix native as well, and I am in the exact stage of REI that you are.

Native English and know how to close.

How would each of you react if they caused a flood and need to pay for the repair?