We are at the point now where if we just made the payments we'd be debt free besides the mortgage in three years anyway.

At some point over the next two or three years, I'll buy a house and move out.

I have another foreclosure in progress on the property  of a deceased person  with three heirs and verification as to who inherited the property. 

I think cash flow will be sparse; if not, I'd be interested as well in seeing what Jonathan Boyle has to say.Low absorption rates, lots of new construction projects, and an influx of young professionals moving up from Hoboken and NYC Thanks for the info Robert, but if you want to 'make money when you buy, not when you sell', and place an emphasis on cash flow, then three reasons you mentioned don't appear to apply.  

Some top tier areas were hardly affected.

It's called Central Ohio Real Estate Entrepreneurs (COREE) and they have one main monthly meeting and three monthly subgroup meetings. www.centralohioreia.com.

I am lucky enough to work in the office for three such investors.  

pumping a tank should always be on the shoulders of landlord / property management and priced in with the cost of rent also you should make a note that tenants are NOT to use bleach and or antibacterial soaps as these products will kill the bacteria in the tank and cause a lot of problems down the road also it is a good idea to add  a bacteria of some sort to keep it working properly you can buy the over the counter stuff or just add some yeast mixed with water once a year or so I use bakers yeast every three to four years  

During the last three years, during vacations, I have been building what will eventually be my retirement home outside Duluth Mn.

The ten year term just ensures that I don't get backed up against a wall, as I would if I wrote it as a three year hold.