I drive a very old ugly gem of a car, I live in a terrible neighborhood and I absolutely adore, cherish and love this house because it's a roof over our heads and I know that I can always afford the rent and for now that's ALL that matters.It may always be that way for me and if so, then so be it, that's the cross I bear with tears of joy because there are so so so many with far far less.  

I kept my original investment in cash, however, so in the unlikely event that something goes terribly wrong, I haven't lost any money.

This would not be a bad first buy it would be terrible.

I had my assistant find a great deal on a class that ended up being terrible so be careful on trying to save a buck. 

Anyone doing well or terrible that way? 

Not terrible.

There must be something terribly wrong or the price must be way too high for the property to be sitting on the market for 8 years!

I found some place on Lending Tree who would refinance immediately, but the terms were terrible.

Some landlords will jump at that and not screen, every time I've seen that it's been a terrible tenant with a bad criminal or eviction history.  

We got our money down before anyone else, and paid $55K for a house that, even in terrible shape, should've gone for twice that.