Congrats on having the equity that you do.Let me try to explain my position: Because of the economic climate in my (and other) areas I can likely get $1695 out of a home in an 'B+' neighborhood for $150K ($300/mo net income if fully rented).

For example, I would love to purchase a property in a warm climate area and rent it out as a time share property for people who want to take a vacation and don't want to stay in a hotel.

Like anything else, it's all about finding the deal.However, buying and holding multi-family obviously looks good in this climate too.

No, as a rule, at least in our climate, you don't have to have a dryer on it, usually it drying too fast is more of a problem.

A nuisance property shall be any property which is in violation of the Borough property maintenance requirements by being in a substantial state of uncleanliness, disorder or disrepair; any property substantially damaged by fire, flood or other natural disaster; any property determined to be uninhabitable by the Code Enforcement Officer; or any property which is occupied by any tenant who has engaged in any or all of the following conduct:1.

There are reasons they don't or can't, often has to do with mental issues, personality disorders that also leads to unacceptable attitudes to those who do carry the water.Saying someone is able bodied is misleading as you can't see personality disorders that can be hidden easily during short meetings with someone.

In todays climate depending on your credit income etc multifamily may prove to be a challenge.

Cloud getting "special assessments" due to their deadbeat tenants.Brian Mathews: Job transfer and cross-country move (due to MN climate and proximity to grandparents).

The texts indicated that tenant may have a mental disorder.

We would even have challenges starting a brokerage company right now in this climate as well.