Make sure the loan is collateralized against the property, in Texas that's a deed of trust and a promissory note, and we generally personally guarantee everything.Let me know if you have questions on this process, glad to help however I can.

I just evicted my first tenant last year and had to go through this emotional rollercoaster of not pursuing the money because I knew she simply didn't have it.

I've been in the process of evicting a tenant in Jefferson County, Alabama since February.

Most people that will chime in to pick one area over another either are personally, emotionally, or finiancially tied to one of the two markets. 

@Tak OgiharaSure thing, I hope this helps you in your decision process.

What are some of the lessons learned and things to watch out for in that process?

There are lots and lots of desktop investors who surf the internet but are not fully committed to buying or learning the process.

We are currently in the 1031 exchange process and engaged at time of sale.

The property may not be an issue but there lending process seems to be off.

It puzzles me why people talk this way, or have to make everything a process based venture.