Depreciation reduces the basis faster than the loan payments reduce the debut, unless you have a very short loan.

The faster they find the tenant (qualified, non-qualified, who cares?)

Take actual expenses (lease payments, fuel, etc).

You will reach your goal faster.

Another item that adds to this NEW GLOBAL Correction is that the second largest economy (as far as GDP) is also in big trouble and if a solution isn't found shortly amoungst the Euro Nations this will add fuel to the current economic mess which could change the situation from a correction to a recession and possibly a global depression.The main question I have is how will all this effect lending, the current real estate market, and rental markets in the US compared to hot emerging markets such as Brazil or Uruguay?

It's cheaper, faster and affords the bank protection from liabilty."

Heck, I have plenty of available capital and I DO know what I'm doing, but I take the lower priced property in this situation most of the time anyway, because, as Brian mentioned, your turn times will be faster.

Every day/week that goes by, you incur holding costs (taxes, insurance, utilities, gardening service, etc) so if one guy is a bit more but does it 5 days faster, he may actually be cheaper!

Appraisers love us because we make it easy for them to find the defects and how we dealt with them.It is just one of the ways we reduce the risk of someone renting or buying from us and therefore get higher rents, better sales prices, faster closings, easier dealings with lenders.

That is GREAT, but if you buy them like this then you will have a 100% faster than you can imagine.