I certainly like my position.Development is BIG time gamble but when it works boy does it work.. 

It's a gamble. 

One place I lived had a 50% owner occupancy rate, meaning 50% had to to be owner occupied.. so it's kind of a gamble, do other owners live there or not?   

The rent is down at present due to economy, Swine flu scares, and fear of Border drug wars(which Cancun is several thousand miles away from).

Cleveland Heights border East Cleveland and is a big no-no for investors.

Rehab = 28kSold for = 111k The house was a 4/1.5 with 1,000+ sq ft in a B/C neighborhood that bordered an A+ neighborhood.

If a sufficient upturn were to manifest, that border area will gentrify faster than the fringes.

It is a gamble for both parties, but a good solution if the seller has no equity.Florida homes may depreciate as some of the other sand states, like CA, NV and AZ.Offer to pay minor maintenance to entice the seller, but only 1st 100 dollars or so.

Where I have plaster coming off the wall which hasn't cracked yet and on the borders of repairs, I screw in plaster washers and cover them with mud.

However, I hate the thought of putting my neck on the line for what is essentially gambling, without getting that nice monthly inflow that makes it all worth it.So, I am thinking of investing in a town about 2 hours away.