Pat -Awesome point that I think a lot of us forget...a judgement can stick with you for a long time, so even if you don't have assets right now, you can still suffer long into the future.Thanks for the reminder!

Our brokerage just listed a piece of land right by the Samsung plant for 33M. 

Its a great secret once sleeper town with the new toyota/masda plant.

Their distribution plants are down 71/49 highway to the south of the metro and in Edgerton on the south west side of the metro in Johnson County.Hope that helps a bit.  

This was an absolute disaster and at the end of the day my investments suffer.

I'm still in the planting trees stage... ;)

It's still early and I'm suffering from a cold... so a little cloudy.

So in summary, negative cash flow isn't bad if the house is in a great location, you screen the tenant properly so you suffer minimum damage to the property, rents are paid on time, and the house has a good chance of appreciating. 

I have a very nice little 4 acre piece I bought in Northern CA back in the early 90's that if I used cash flow as a determining factor i would have never bought it for 27k and suffered negative cash flow of 200 a year in tax's all these years. but I would not also own a property that has just been zone mixed use residential next to the largest casino in CA...  

I suffered 2 evictions because of it.