Is it foolish to double/triple down in one area like that thus increasing risk/reward.2.

Mycomputer was acting funky.. sorry about the triple post.

Since 2005, I have purchased a mtn home that tripled in value and a Sask house that has doubled and then some.

Well it seems I'm going to have to reply to my own post again, and since another forum has responded to the same question, I'm going to give the benefit of that experience.TICs, which if anyone is interested is a form of syndicated or shared investment in RE, somewhere between a REIT and triple net may be one way to describe it.

I work on the commercial side transacting with large apartment buildings and also triple net leasing.

------Here is an example of my Return spreadsheet: it may be wrong but it works for me:6 units commercial ( I use same calc for my single and multi) Semi Triple Net:Current    PotentialTotal Gross Rent/mo      $8,800     $14,3000 ( 50% vacancy when I bought it)Total GAI    $105,600      $171,600 Taxes         $23,000        $30,000  (I assume reassessment, I just bought this)      Ins         $ 4,000          $ 4,000 Financing    $48,000         $48,000  ( shouldn't be here, but it works for me)_________________________________NOI              $30,600         $96,600    RETURN          3%                 9%        (Purchase price + Capex dollar= $1.155M)This one is Triple Net, so I don't have Utilities/operating expense in here, my tenants pay, I do have house stuff, but that is calc in a different CAM spreadsheet sheet.  

Just because a foreclosure happens doesn't mean they will not pay rent.The way I would look at this is I would charge a double or triple the amount of a deposit and multiple months of rent upfront to mitigate the income risk.

Year 2 I tripled my income and hired second employee.

Nothing worse than going it alone with unstable cash flow to only see something as critical as health insurance costs double/triple/quadruple (pick your multiplier).

You need to be ready for the triple whammy of tenant not paying, trashing the place, and having to pay to evict.- The title co or closing attorney will handle the paperwork of the note, transfer of deed etc.Let us know how it goes!