Ratios are a guideline, not a hard and fast rule, especially as disposable income increases.Many people give up other things to live in a certain area or a particular home, that may be more important to them than weekend travels, or other entertainment.

The seller has already stated that he would entertain a Master lease.After walking down the property and neighborhood I decided that this was the perfect storm for this strategy!

I second @Marc Ramsay advice as well.BTW Marc I hoped to have a great video of my last eviction like you had by having stuff thrown down the stairs but unfortunately there only was a couch and a entertainment center left by the tenant as they skipped town in the middle of the night.

Every deal is not going to be roses, but again, I know enough to see this as potential so I am at least exploring it.The property is zoned enabling you to build two structures as well (duplex) which is really where the frosting is, otherwise I would not even entertain the deal if it was just a single home lot.My problem is a common one.

No worries I am the same way in that I would want my rentals to be nice enough for me to live in but at end of day its still a business and sometimes I have to tell myself that.For example last weekend while I was at HomeDepot they had a sale in sensor lighting for outdoor.

I'd consider getting rid of or restricting outdoor faucets.

I would buy and hold, but would entertain selling out to a developer or turning a duplex into multigenerational housing if that segment gets going.

A friend had been hyping me up to do this adult obstacle course with him for weeks . . . it was going to be one of those cool outdoor places where you're climbing, crawling through the mud and so on.

Is there any way I could consult with the city on how much cheaper the taxes would be or if they would even entertain this idea in the first place?

Started a post on this today:http://www.biggerpockets.com/forums/87/topics/92730-app-that-tracks-outdoor-marketing-bandit-signsfinallyNo more guesswork involved with putting up signs...it's all documented in realtime online with this tool (time, location, and an actual picture of the sign).