Although those properties are not for everyone there are pockets of Bridgeport seeing substantial revitalization.

We want to open a community gym and influence people to know that optimal health is achievable and an easy habit to development.I just have to mention that I love sunsets and I'll go out of my way to watch the nightly show.

We've purchased houses in the communities that surround bases, but we've most often been posted in places that have substantial economies, outside of the base.  

In fairness, since you just bought the place its unlikely they did any substantial damage between the closing date and the date they move out and also very unlikely that you'd be able to prove that they did if taken to court.

@Reggie Desir it’s really related to the risk and your desire to invest vs. the supply; if you set your cap rate minimum too high you’ll never find something to invest in, in this market.For an “A” area these days I feel 5% is a good rate to aim for, but plenty of people are buying in those areas at much lower rates so if you’re looking there you may need to go lower as well.For a “B” area I currently like a 6% minimum cap rate and for a “C” area I like 7 or 8% depending on how bad the area is.It also depends on the property, for example a property requiring a substantial rehab is going to need a higher rate even when stabilized just to compensate for the additional risk of the rehab.Conversely, for a property that is turnkey and ready to go on day 1, I might be willing to except a lower cap rate - especially if it’s a newer property without a lot of deferred maintenance.

The best place to start, especially as a new agent, is with your Sphere of Influence--friends, family, co-workers, people you have done business with in the past.

One additional point, the ice buildup at the outlet indicates that there is substantial air exchange from the exterior to the interior, in part due to gaps in your siding and exterior trim, and likely also due to inadequate insulation.

Would love to know your take on the subject.Real estate, perhaps even more than stocks, is influenced by emotion for better or worse. 

Rates are up there, but LTVs still have a strong influence - I am closing one tomorrow at 7.25% par DSCR 5/1 ARM with a 3 yr prepay. 

But I shouldn't have assumed that.So I'll revise my reply - If they do not already have substantial savings set aside for emergencies, then some of that $150k from the sale of their business should be set aside for savings (probably around $50k).