So the FNMA that you mentioned...is it crushing your projections in a good way or bad way....?

I've had great success with the one I have in NC and hope I can find one of the same quality in Indy.

When I work out the numbers, especially for option 2, this seems to be a pretty bad property to keep as a rental in terms to cash flow.

House Flippers Caused the US Housing Market Crash.It suggests that it was not subprime borrowers with bad credit who caused the crash, but investors, based on the fact that the great expansion of credit happened with people who had good to excellent credit.What do you think about this argument?  

Those bad addresses are gold.

Not bad.

That wouldn't be bad at all.Thanks for the feedback guys, that is exactly why I posted the question.

Probably a better quality tenant long term and usually nice equity growth.

While it may not be as bad as some markets, even a quad isn't likely to net you much past the 1% mark, and that would be for a run down neighborhood. 

He told me I was the first person to call but has been trying to sell it, I walk through the house two  days later it wasn't too bad of shape but the price he was asking wasn't working out for me, I could tell he wasn't to motivated, but where it turn  around is he said he had another house he might want to sell that he bought as a HUD in 2010 but been renting two his family members that wasn't paying that much.