Plain and simple.

A quarterly "inspection fee" is just plain dumb.

I am with you on the diversification.It is just plain wise to not have all the eggs in one basket.I really like the TurnKey "One Stop Shop", especially investing way OOS. 

morning @Cody JensenPersonally I don't as it limits your exit strategy, plus the potential headaches of water (regardless of whatever years the flood plain is) if you keep it as a rental. 

One final note - most of Sumas is in the flood plain and requires flood insurance, which has become quite expensive.  

And now that you're here we'd love to see you be an active member of the BP community so be sure to set up Keywords Alerts for your local area such as "Westchester" or "White Plains" if you're looking to find potential opportunities for investing, education in a subject, or other members in your area.

Hiding in plain sight.You mentioned "Rents were pro-forma based on "market" being a reoccurring issue you ran into.  

If you do not have adequate reserves you MUST rely on cash flow to exist so to look at the appreciation at this point is just plain stupid.

I found a single family foreclosed house for a good price, but it is located in a flood plain.  

Experienced investors aren't so easily misled as novice investors, and BP has an abundance of experienced investors who are prepared to challenge any misstatements and junk that get posted in the forums.The idea to only bid on what others have bid on is just plain wrong, and can be deadly.