You might find another market that makes more sense than in your backyard.

@Ana Nomys  @Thomas Young Classification of PropertiesA Properties-Cream of the CropBuilt within last 10 yearsRented by younger professions Command Highest rentsAmenities Pool, Workout Room, Tennis Clubhouse etc.High Speed internet, Alarm systems etc.Properties lower maintenance low-risk tenantsTenants maybe relocating, looking for a home, Dual Income couples no kidsTurnover higher than a C PropertyConsider Highest and Best use maybe a special population.B Properties Still High EndBuilt in last 20 yearsRents quite high not as high as A propertyTenants white collar workers and higher paid blue collarC Properties Gold that looks like leadBuilt within the last 30 years.Tenants blue collar some government sponsored Vehicles in lot >10 years old and > number of pickup trucksMost vehicles gone during the day—workingSome deferred maintenance.In rentals foreverD Properties-Worst Area of townBuilt 40 years or moreGood CashflowManagement IntensiveNot a good starting out propertyAssisted housing, out of prison, hard luck etc.Lets take a look at the city and grade the areas.Grading Areas of the CityA AreasUpper level society resideHigh end PropertiesPath of ProgressConstruction tear down old build newB AreasBlue collar workers liveBusiness in area serve needs, bowling alleys, Nail salons, pizza movie rentals etc.Comb subsidized housing and othersIf you allow subsidized make sure they have a job.C AreasFilled with restaurants and business that support c-type tenantsOld strip malls in need of repair.

I've seen them have a contract in hand, it was above listing price, and they choose to foreclose on the house.I'm in a situation now on a short sale that needs to have the pool removed.

The sub-serving markets are next to fall---any loans that AHM use to purchase the servicing rights to, will need to find another channel or buyback the loan pool…MY PREDICTION: More lender fallout and insolvency issues on the horizon).

I can try to peel you some inventory out of my larger pools.

Leaving the bottom of the barrel tenants in the rental pool.

One man also said that his family had lived there since the 1970's, and that since then the association has gotten rid of many things like a golf course, tennis court, restaurant, swimming pool, etc. and that the association isn't even taking care of the roads like they should.

It doesn’t stop people from letting their kids play in it like a pool but it keeps them from complaining about the size. 

I am an Alan Cowgill student and use his methods and course as a guide but pooling private funds can get u in deep trouble so consult an attorney familiar with SEC rules.

I also believe there are more GIGANTIC pools where you can find investors today.Richp.s.