Gross Lease 1,300Seems like a solid deal, but there are a few draw backs.1) It is in a flood plain, although I didn't see any evidence of flooding..

Kiyosaki has never given any evidence that Rich Dad exists or that he had purchased any rental property before writing the book.

Account ClosedI evidently hit a "nerve" with what I saw as a light-hearted wink at finding the right people to work with on a project.. i.e.

The condition may include substantial violations of a property that show evidence of: a significant increase to the hazards of fire or accident; inadequate sanitary facilities; vermin infestation; or a condition of disrepair, dilapidation or structural defects such that the cost of rehabilitation and repair would exceed one-half of the agreed-upon purchase price of the property.”ESCROWS AND BONDS PROHIBITED: A municipality may not require the escrowing of funds or posting of a bond, or impose any similar financial security as a condition of issuing a certificate.

Title insurance is evidence and security for that clear title.

Portsmouth is a hot market and it was very evident at the time of purchase (9/17).

Evidently that landlord has made SOME effort, having sent an HVAC person there twice.

I've also found comfort in knowing you have faith in Spokane's long-term prospects, as evident in some of your other posts.

Obviously, I have tons of evidence to the contrary, so I can "prove my case"Thanks,Cary

:D The only viable way I see to the strategy of holding an equity position long term with negative cash flow is to play the appreciation game, which we all know from recent evidence is a very dangerous speculation.Other than playing the odds of appreciation, why hold a losing investment?