omg, i got so Royally messed up all the way around the block. 

I'm trying to buy "smart enough" that even if I screwed up my numbers royally I'll be safe and have ~25% equity in my investment to work with.  

We are getting good rents on Orange and Princess and have a couple of projects further south that are a little more on the edge.Anything west of Germain along the waterfront is pretty safe these days.  

Investment Info:

Single-family residence buy & hold investment in Naples.

Purchase price: $208,000

Cash invested: $80,000

2 bedroom 2 bath villa in a condo association.

What made you int...

The guy that is the liasion told me apparently the Seller got royally screwed here, he bought on the top of the market purchasing all 3 for about 130k each.

- Star Wars- Top Gun- Fletch- Grease- Enter the Dragon- James Bond: Live & Let Die- Star Trek: The Wrath of Kahn- When Harry Met Sally- Monty Pythons Holy Grail - The Princess Bride- Tron- Blade Runner- Zapped!

If I wanted to keep that much liquidity in my portfolio my overall ROE would suck royally.

.- Business wise you are gtting royally screwed.

His opponent, Sharon Angle has been screwing up royally with ill-advised comments and instead of leading by a wide margin the race is a statistical dead heat at the moment.

Even someone as astute as Buffett has been burnt many times in such opportunities and he likens it to kissing a frog and hoping a princess would pop out - except in his case the frog continued to croak.Having said that, I must admit that someone with the specialized knowledge that allows him to determine which cities will rise again or, more likely, which parts of declining cities may buck the tend, can make good money in such opportunities.For most of us without that degree of expertise, the growing parts of the country are probably safer bets - provided we don't get over-excited by the growth and pay more than the asset is worth.