The condition of the property, ascertained in the valuation as the estimated economic life, directly impacts cash flow.

Back to the topic...Here is an article about how many banks (including FNMA and FMAC) will be freezing foreclosures for a couple weeks later this month...this could impact the number of REOs hitting the market come early next year, especially now that they've stopped rubber-stamping the paperwork and will actually have to spend some time catching up to the backlog after the holidays:http://www.mainstreet.com/article/real-estate/foreclosure/banks-suspend-foreclosure-evictions-holidays

The buyer makes the monthly payments, but the loan does not show up on their credit report thus not impacting their ability to get more credit in the future.So for instance, if you purchased 7 rental properties over the next year with your own credit, you might reach a point where you could not get any additional mortgages.

These numbers aren't representative of what people here should expect, on multiple levels.1) Most product sold to retail investors is in the sub 125k range, which is much cheaper.2) Those pools are for hundreds / thousands of loans while the retail investor will pay more for his 1-5 purchase.So this data literally has zero impact if you're buying the note on a 60k condo in FL or a 40k house in Ohio.

The tenant has no one on their side; the govt, the property owner, the neighbors or next door tenants, are all people who can impact the place they call home.

I am not going to say there is 0 impact on oil prices, but for the most part the Permian is still profitable at these levels.Maybe there is some impact in Houston, but overall the state is a net importer of people, the long term trend suggests that will continue.

As for code violations from the City, they can happen at any time, so my point is that you should be ready with cash reserves should this happen and unfortunately having four duplexes with FHA loans with low cash flow per duplex, can be detrimental to the checkbook.  

If so, that's not going to be a detriment to value.

Answers will come in time, knowing the answers now does not really impact the situation as he will still need to make alternate living arrangements.

His company has done a phenomenal job managing my properties and that has had such an impact on my business - knowing that someone has my back and is watching over my properties.