There appears to be some good equity here, but I'd be hesitant to force a sale and have an angry non-paying princess in my new rental house!

They watch their money grow as that discount property goes to rehab, gets clean, and is transformed such that it can compete with the other market favs in the area (like Princess Diaries).

@Princess-Shaloni Burch Houston is awesome.

White collar prince/ princess?  

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.  

- 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!

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.

Because I am lazy and I have to repeat this over and over I will just copy and pate this from a previous  reply.Here goes:Once long long time ago, (3 years ago),In a land far far away (Connecticut)there was a princess.

Matter of fact, dust and sweat would shine the light on how much of a princess he was dealing with.

@Princess Marie Warren I haven't heard of a program like that before