Residential properties change, neighborhoods change, homes become dysfunctional, market changes can take values down as well as up.There are very few 100 year old homes in my area that remain desirable today.Commercial can suffer similar issues.Always have an exit, there are aspects beyond your control that can effect a property, the trick can be when to bail out before negative influences arrive.There are several trusts that can be beneficial in holding good properties long term, just make sure there is flexibility built in to dump a property and move on to something else. :)

As for RDPD book, it's not a novel idea, but who cares how many people get influenced by that book.

Management is one of the aspects, any partner that has a significant role may influence operations.

@Derek Steinmetz FYI the following is straight from the 92900B that you will sign in an FHA purchase loan: "Do not falsely certify that a property will be used for your primary residence when you are actually going to use it as a rental property""Penalties for Loan Fraud: Federal laws provide severe penalties for fraud, misrepresentation, or conspiracy to influence wrongly the issuance of mortgage insurance by HUD.

Books that influenced me greatly:Zen and the art of motorcycle maintenance;Atlas Shrugged; to love is to be happy with.

@Duncan Taylor can you give us an exact example of how this data would lead to influencing a decision you would make; or even better, it making the decision for you?

If I did the pricing or I had strongly influenced the agent for the pricing, I'd blame it on myself.

The location is the biggest influence on the price.So for example, if the house has a n ARV of 1.5m and needs a rehab of $100,000 the 70% rule would make your MPP = 950,000.

I know of several HOA's in CA who have negotiated discounted payoffs of past-due balances & liens after 1+ year of non-payment.I think part of this depends on the size of the HOA, and honestly, whoever is the "dominant" member on the Board, coupled with the influence exerted by the professional property manager (this is all often influenced by the number of units under the HOA.)

I think these properties would appeal to women much more than the "average" house and I'm a big believer in women having a lot of power and influence when it comes to house buying.