Joe: that's a good observation, I guess since I don't have a figurative stick to persuade the Insurance company to move I better find a real stick. .)Is it possible to take the money and not do the rehab??

The relationships you develop are just as important as choosing the market that fits your strategy.David has made some observations about the zip code you chose.Any Particular reason you chose this zip and this property?

My observation is that there are at least two residential markets now.Any property in decent shape from any source (REO, homeowner, or elsewhere) will generally sell to an end buyer.

This is the 3rd year for me of observing, but also the year I gather the data from most of the counties with websites.

This is more commonly observed in higher crime areas.

Jon Holdman thanks for your observations.

I'd first observe that your post doesn't say how their rent relates to their income.

Not trying to be mean, just an observation.

Since he had been investing in RE for 30 years he observed a few things.RE is the only investment that he knew (focus is on him) where you can buy for $100K, rent the property, sell for $50K and end up with a profit. $50K more than you started with.His point if you can buy with zero cash, have the tenant pay off the mortgage plus running costs, sell at a lower price than you purchased for and walk away with $50K more than you started with.

:D)These are my passing observations (feel free to rip them apart if I'm wrong):a.