Follow up in a sufficient window that a relationship is initiated2.

All the renters flock to him.As each new landlord and property enters the market, the rent is going to continue to drop -- more supply is causing less demand, and the new landlords don't care about making exorbitant profits, just making decent cashflow and keeping their properties filled.Add a couple hundred more landlords and a couple thousand more properties in the area, and the rental rates will drop to the lowest point where the typical landlord and typical properties can make a small but sufficient cashflow and return on their investment.This is the equilibrium point for rents in the area (what is known as "market rent").Now, if you do the math backwards, you can easily determine that to make a small but reasonable profit on a typical rental with typical financing, you need to set your rental rates (gross income) at about twice the operating expenses.

However, go to a neighboring state such as OR, NV or AZ and, despite being non-judicial foreclosure states, I'm not confident enough to buy or lend and still feel confident that I'm sufficiently knowledgeable, at least not to my satisfaction. 

I am forced to concede money comes first but by the same token there will always be incompetent landlords and licencing will never happen.

If your appreciation plays are not sufficiently cash flowing at that point (which they should be if you invested intelligently) then at that point you could look to 1031 exchange into higher initial cash flow markets (but only if you are willing to move there to garner the critical home court advantage) ...As for speculation, I have to respectfully disagree there too.

We subsequently processed & filed the DILO & resold it without a 'clouded' title.Depending on the amount maybe the IRS would be open to a similar token financial consideration.good luck

The increase, however, will nonetheless keep vacancy at a level sufficient to support a respectable pace of rent growth.

Our stated criteria:Our Criteria:We do not deny housing for race, color, religion, sex, national origin, handicap, sexual orientation, marital status, or familial status.We do deny housing to individuals: when the application is not complete or accurate where there is no sufficient income/resources to pay rent and livewhere there is poor prior tenancy: evictions, violations, damage to rental property, poorly handled move outs, amounts are still owing to landlords or utilities.Criminal activity is at our discretion depending on severity, number of convictions, and how long ago.

For sufficient answer you will need to consult an attorney.

Some newer investors may not realize this but throughout our history most banks required a 20%+ down payment, solid credit score, and income sufficient to pay back the home loan.