They are also usually affordable with good rents.Example: Lincoln, Nebraska; Madison, Wisconsin; Tallahassee, Florida; Baton Rouge, Louisiana, etc.

From there, you would divide by 2% to get the price you can afford to pay.

The bigger property can afford a full time property manager and full time repair guy.

Sometimes, if someone cannot afford to pay local property taxes, they also cannot pay the federal income tax.

At this point we are so frustrated, my wife & I decided to get her real estate license, she takes her exam next week, so we can do all our research and write our own offers.

The nice thing about resort areas is that they tend to keep their value during downturns because rich people can afford to buy a second home anytime, especially when the markets are down.

Can you afford to foreclose,carry the costs, complete the rehab if necessary and carry out what is necessary to get your 10K back?

That's why I'd say not to refer to her as having any special needs too as some states have special circumstances with evictions but here, the sheriff will have a tenant rolled out in an iron lung as there are no special rights afforded. :)

Needless to say I'm VERY FRUSTRATED with this type of information...

Freelancing pays a lot more if you're properly motivated and since I know most of my friends work history and know that he is a hard worker who has a IATSE local one union card in NYC, that he will certainly be able to afford the payments.