@Russell Brazil I'd buy the land inside the fence that everybody has been observing as the actual boundary......after first evaluating whether or not there could be an adverse claim to it.

I have observed that quite a few investors don't seem to fully comprehend that there is much of a risk delta, if they see one at all.

That will allow you to observe how that operator manages the business, allow you to have the same significant tax benefits and cashflow, and learn if being a real estate operator is for you.If you need recommendations for operators in the Lexington area, I'm happy to help out!

About half of the replies in this thread are amazed and confused by why the government would take such an action.The moderator prohibits us from answering this question if we discuss nasty things, but I assume we are allowed to state some statistics and make historical and logical observations as long as we do not break the rules.7.1% of the population report rental income on their tax return. 36.6% of the population rents.

My FHA mortgage carries an interest rate of 7.25%, and I've observed that current rates appear to be higher than that figure.

I'm thinking that I might have more negotiation power locking in a FHA loan because I know the lender has certain required repairs that the seller would mostly likely have to fix prior to closing.If I go conventional I would save the $5800 upfront mortgage insurance but I don't think I would have much negotiation power with the seller to fix things per my agent observation.

@Andrew PostellThat's an interesting observation about avoiding HELOC terminology and just looking for a LOC. 

Here's my observations, for urban San Diego at least:1.

I am Canadian and have been observing the market for a bit.

These are certainly not meant to be all-encompassing comments, just some of my observations about the traditional tenants and landlords in the area:1.