As simple as that is, it correlates nicely with 1) attracting and retaining the best tenants and 2) protecting my investment from deteriorating.My criteria runs deeper after that:Gravity of a neighborhood is a critical component of my decision making.

LOLYou just can't give an estimate of value from any crystal ball with the information you gave us.I have nothing really.You said they borrower defaulted immediately after the closing, this usually indicates fraud, so I would really dig deeper in to title issues and any claims that might be made by others.As to subordinate liens, notice is given to all known lien holders in the foreclosure process, notice of dishonor and demand so they have a chance to show up and bid.

Tes, I suggest you go to the library and see what you can pick up there for free.Then I suggest you get a good foundation for your realestate business by reading college level text books, yes they are dry, but filled with needed information that you won't find in any guru book or program.Read the forums and ask questions before you dive into some program.

Plus it sounds like he might have had someone not close before and he is apprehensive to dive in again.

If you want to analyze them deeper, feel free to PM me.

Can you share what you've learned that you can tell people like me who eventually want to dive in to the development game?

To see the opportunities requires a bit of a deeper look into the situation but is is an eye-opener if you do!

I must admit I've only given it a cursory look and plan to dig in deeper tomorrow.

I'll have to take a deeper look at these numbers.

mod=WSJ_RealEstate_LeftTopNewsAt the same time the housing market is very anemic:Pending home sales dive 11.6 percent in Aprilhttp://finance.yahoo.com/news/Instant-view-Pending-home-rb-2187391237.html?