It becomes a problem when you buy a house to live in, in a neighborhood with the expectation that a hotel won't open up next to you, and then boom, one does.

Mainly multifamily but could consider other ways too Austin or if you want more cash flow you can go for one of the booming suburbs.

What happens if the owner gets sued or something, is it possible for collectors to go after the property that was sold on land contract?

There are other smaller markets like Dayton, Akron, and and Newark, which we are starting to see these areas boom due to huge investors and corporations like Intel choosing to set up shop in these kind of areas.

Pursuant to the Federal Fair Debt Collections Practices Act, this law firm is a debt collector attempting to collect a debt and any information obtained will be used for that purpose.Now in my opinion, if the language is stated like above, I would think that you would be covered if there was another lien on the property.  

Yes, with the boom of the last 8 years Detroit is looking better.

More importantly, the authors are considered "tested by time" as they've been doing what they write about for 30+ years and have weather recessions and two or more boom/busts cycles. 

The area seems to be booming now though.

There are a lot more options compared to 5 years ago, with housing booming in the Triangle and so many folks are entering real estate brokerage.

The region is getting a ton of interest from ethane cracker development and should be a boom in the next 5-10 years.