One more thing I thought of, does your house have central heat and air?

Hey everyone! I have recently joined BP; however, I have been reviewing the posts on this site for the past six months.

I have been investing in real estate (mostly rentals & tax sales) for a few years now throu...

However, I have a friend who is doing to 'to hood' here in south central los angeles.

Lots of small 8-12 unit apartment buildings around here with a central boiler.

My wife and I have just sgned the contract to begin building in the central florida area.

My SEP has about $55K in it and I am interested in buying a rental property (REO) in Central Florida.

For purposes of this Act, the following definitions shall apply:(1) FINANCIAL INSTITUTION.—The term ‘‘financial institutions’’ means any institution including, but not limited to, banks, savings associations, credit unions, broker-dealers, and insurance companies organized and regulated under the laws of the United States or any State, territory, or possessionof the United States, the District of Columbia, Commonwealth of Puerto Rico, Commonwealth of Northern Marianas Islands, Guam, American Samoa, or the United States Virgin Islands, and having significant operations in the United States, but excluding any central bank of, or institution owned by, a foreign government.(2) SECRETARY.The term ‘‘Secretary’’ means the Secretary of the Treasury.(3) TROUBLED ASSETS.The term ‘‘troubled assets’’ means residential or commercial mortgagesand any securities, obligations, or other instruments that are based on or related to such mortgages, thatin each case was originated or issued on or before September 17, 2008, the purchase of which the Secretary determines promotes financial market stability; and, upon the determination of the Secretary in consultation with the Chairman of the Board of Governors of the Federal Reserve, any other financial instrument, the purchase of which the Secretary determines necessary to promote financial marketstability.

Central banking is good.

My focus is mainly Central Louisiana - Rapides, Grant and Avoyelles Parishes; however, I sometimes venture out into LaSalle & Natchitoches Parishes.

And each unit has central A/C, each with its own separate compressor thing (I'm obviously not an HVAC expert) outside behind the buildings!