I have never heard of that but if it is fairly common in your neck of the woods Im sure that definitely made you more comfortable.My concern would be that something could possibly happen to the home during renovation (fire, tornado, etc.) that would destroy the property and you would not be the named insured on the policy.

Actually more like 170k-180k tops minus, minus due to the factors previously described.It is definitely a solid rental market.

The prices he quoted me seemed high. 1) Kitchen: Laminate counter tops at $36 per linear ft2) Living Area: "wood" linoleum flooring at $3.50 per sq ftDo these prices seem reasonable to you?

Check out my post under Marketplace. i have something in your neck of the woods.

Seems many think we will be trading troy's again...LOLMy notes are pretty safe, I have held my breath over the past five years but no problems, knock on wood, but in a really bad recession defaults would/could go up.Bars/lounge are pretty safe if they are not highly leveraged and have low overhead, I'm pretty safe with particapations and the fringe benefits aren't bad.

Solid advise John and I'd be there now if I didn't live so far away (Hawaii).

i think in the short term, maybe some will gravitate over, but people have short memories. real estate is also much different investing unless, you are talking about reits for example. so, my opinion is that while some will gravitate over, in the long run, i dont see much of a change. when the stock market has multiple years of solid gains, people will be back on the bandwagon.....

As long as you screen the tenants and verify they are solid, you won't have any problems.

In other words, if the student stopped paying, the coach would stop teaching.I'm sure there are some people who straddle the line -- they are mostly mentors, but they charge money or they're mostly coaches, but they do some pro-bono teaching -- but most fall into one camp or the other.If you're looking for a coach, my suggestion is to learn as much as you can before hiring the coach, as that will give you a solid base to start with and you'll have some idea what you're getting into (and what you're looking for) before spending your money.

This process may seem like spining your wheels when you want to put your REI career in gear but I see having a solid financial base as extremely important.