Hi Bob,Beware of Media Lies.

Hi Gaige,There's probably no clear cut answer to this question.Which came first the chicken or the egg.Maybe think 5 years down the road and take your best guess as to which one will be better then.Good Luck!

And believe this - sellers have NO problem lying to your face about flooded properties, so make sure you have a way to verify before your option period expires.

Primarily, if you lie, deceive, "mis-remember", don't recall, don't disclose etc pertinent information on a loan that is insured by the US Govt then "yes", it is considered federal fraud; with charges of perjury, mail fraud, and money laundering as well and you really don't want to go there.

The value lies in the NOI.

Anyone who tells you that you don't is lying.

I wasn't interested in the out lying areas and wanted some land.

They want a story about a soaring American dream and not a slog through a swamp of filth and blood and sweat to take a few steps up.The big lie in this property class is always that it can scale, that you're going to find an endless supply of at least minimally competent people to handle your property problems and make you rich while you sit back and count your ever-growing pile of money because you're brighter than the folks down in the mud.

The wouldn't, unless that note has hair on it, and you wouldn't buy it with hair on it, unless you got it at a discount sufficient enough to make it worth the hair.And therein lies the trade I think.

Based on my initial learning, it appears the true evaluation lies in two components, cash flow and overall return.