They were buying everything in sight because the Yen was so much stronger than the dollar.

It notes that the borrowers in the RMBS pools that are "stronger" are able to refinance, and in particular, stronger prime borrowers are refinancing and thus depleting these particular securities of paying customers.

I know this was a horrible experience, but it definitely made me stronger and wiser when selecting tenants in the future.

Yours could have been better with stronger financing terms but should be just fine going this way... $18,000 - $3,850 = $14,150 => 14.2% cash on cash return... better than the stock market but worse than most RE investors are striving for.

Try to find 12 - 15% cash on cash assuming 50% expenses, that would be a stronger investment.

So I am self employed with an internet eCommerce business - I averaged around 15K a month profit in 2011 and 2012 looking much stronger - I am very fortunate.

Property taxes are also generally higher and demand is stronger which results in the parents paying retail.Personally, I do not see the value in the proposition, but then again I am an investor not a speculator.

I would think a lot of brokers would be clamoring over you.Perhaps my perspective is skewed living in a place where new agents get about 50 mailings and emails per week from brokerages that are looking to recruit...I guess stronger markets are different.Have you spoken with smaller agencies who have more of a niche...for example, those that specialize in new construction or investors?

That has been finished and gives me a stronger sense of security than I had previously.

Your tenants won't be housebroken, collections will be difficult, and you're likely not going to change the demographics of an entire city region just by picking up a few junky properties.Look for stronger markets if you want to make money with good hardworking tenants who pay on time and respect the units.You're asking for trouble going into very low income areas.