You don't want a neighborhood with a bunch of unique houses because those are hard to value.

The local police force has cracked down severely on the area since then, crime rites have dropped substantially and due to the unique location of this area (Located directly between the CBD of Cincinnati and the UC campus and hospitals) there has been a rennaissance in the area.

I will 1. determine if Obama's second wave of housing programs relieves my negative equity (within the next 90 days details will be public enough to understand/verify)2. pursue the best avenue to default on the 2nd lien and have it removed from the home's debt (upon determining that no program will help reduce principal for me, whihc is my prediction, due to the fact that, technically, I CAN pay, and others, who can not, will come first, understandably) 3. continue work on packaging consultant services and creating unique materials to support those services that produce minimal additonal income now and yet pave expanded professional earning and freedom opportunities for the future4. complete my doctoral degree to enhance cerdibility in my field and improve marketability of consultanc in futureI have written similar question/posts before but they were not titled "Wisdom" reading other posts on this forum made me think of that title - hmmmm...you DO "get what you ask for" after all.

What's unique in what I'm looking for is I only want condo that also come with a deeded boat slip.

However, this one is very unique with the size of the units compared to the # of bedrooms so I'm struggling to estimate rents.

Reserves for real estate investments are as unique as the property is compared to other investments, in other words, think of using rules of thumb as one might do for an investment portfolio would be very different than having the same equity at risk in real estate.As mentioned, reserves are in the eye of the beholder.

Credit for property purchases has more to do with the capacity to service the debt and repay the loan.

Any discount will yield a higher return the quicker the payoff is received, you can't really eet the financial aspects for the best financial terms as a priority.You note needs to be underwritten first as to the ability of the borrower to repay and meet the obligation.

I have a very unique opportunity to "invest" in Russian real estate.

For example, more weight is emphasized on a home mortgage because usually that is the biggest loan an average person will ever repay in his/her lifetime.