In  1965 only 10% of homes in the USA had air conditioning, as this number has rapidly grown, people have begun migrating south due to the better climate.  

Just yanking your chain.

Is the real estate market in Manchester favorable, especially for a newly-arrived yank?  

They are great for a couple who has grown kids who have already moved out.  

This area has grown tremendously recently.

I'm married with three grown kids, and looking for residual income as I am in the twilight years of my career.

It is as important a process as you will ever need to know as you decide to place your hard earned money into those well reasoned bets.  401K's are not the static vehicle we would like them to be portrayed... the problem is, like all other investment choices, they need to be actively managed or you will not take advantage of what they offer.  401K's are not something you hand over.. do the auto contribution thing then 18 years later.. take a look and say OH, how you've grown up into a nice young portfolio..If you are not looking, checking, adjusting, contributing, turning contributions off/on when appropriate, shifting/balancing portfolio, then you are not investing, you are saving. 

Securities regulations appears to have grown more out of concern to protect the investing public from nefarious investment schemes rather than to supervise business to business securities transactions.

I've had to try to overcome my own prejudices over the years having grown up in an all white suburb of Detroit in the 60's.

KayeAnother idea would be to discuss with your Police Chief getting the property declared a Nuisance Property.While local laws vary, it might be easier than getting criminal charges against the occupants.Under most Nuisance Property ordinances, the occupancy permit is yanked for a period of time.