Risk of personal injury. 

But that could just be my neck of the woods here around 610 north.

@Tyrone Alcorn I was in your neck of the woods last summer visiting my Daughter and her husband who is active duty Marine @ Camp Lejeune.Seems like Jacksonville is growing and may have a large tenant base.

I like my northeastern neck of the woods...

:D Not to say that it doesn't require very specialized knowledge to acquire property at these numbers and it does require an active investment role, but it is still VERY possible in many markets.I understand your point about the market balancing itself, which is why so many California investors are buying in Texas, but the market in my neck of the woods is still very strong for rental property.

I have a verbal contract with the seller to buy it for $217.The plan is to write the contract to require the property to appraise for $271,250, which give me exactly 20% in equity.Problem is, a real estate agent friend of mine (who I think is sort of full of it) told me that appraisers will have the sales contract with them, and will not stick their neck out much further than the contract price.If they are going to stick close to contract price, what good are they?

To add insult to injury, the additional provisions allowing the modification of mortgages purchased in an effort to assist distressed homeowners in avoiding foreclosure could have been the most effective path towards stabilizing the housing industry, but were only referenced in less than 5% of the entire proposal.Stabilizing housing prices is widely accepted by most economists as the best way to solve the lingering recession and potential depression.

He ended up breaking his neck and ending his career in the blink of an eye.

(in fact you'll soon, likely see distributors in your neck of the woods)The municipality would have to file a lawsuit in a completely different state...Do you know how hard it would be tosub poena phone records..About a year ago..Locally... a detective kept calling our front office... and asking about customers... of course we said we don't know... and the truth is... we don't have a database that correlates number on the bandit sign with person...

Snow cleaning is annoying and really cut into monthly cash flows, but it is a lot cheaper than a lawsuit injury I guess.I am not sure in your area, but I thought that anything above a 4 unit was considered commercial so different loans, rates, etc.