Okay, Sorry about the short post I posted, I was driving home from work last night listening to a BP podcasts, at some point Brandon Turner mentioned how important the interaction with other member is... so I figured I would at least start with my first post. 

I've been looking serously since June, even got as far as a contract on an REO untll the inspection revealed an additional $10K in repairs, for which the bank was not receptive in a lower price.Basically, my vetting of properties includes taking an avg comp at 65-70% of ARV, to determine if taking a look is even worth it.  

@Joe Fairless As far as I can tell the average salary in my area is just under 50k.

A trap you probably are not prepared to deal with.As far as the BPO question, the only way to confirm a BPO's number is to see the report the number came from.  

I am not yet in a position to buy the land and building I need to open a third location; and Mt Pleasant is so "hot" right now that there are zero opportunities to lease.

Deterrent is the biggest factor for compliance.It is pretty easy when an ac man comes by and the filter is so clogged with crap that you know it wasn t changed in a few months@Sam Leon 

as far as what areas to stay away from i have no idea. never been to texas.

The way I see it, it is basically the same building (how many apartment complexes have been converted to hotels and vice versa), but when the hotel is doing good, the REVPAR of a hotel is so much greater than that of an apartment complex.Do you know what happens to apartment complexes during a downturn?

As far as a good dividend stock, I like Anally Capital Management (symbol NLY).  

Yup, the little glass block tiles in the shower and as kitchen backsplash, subway tile is in its third or forth go round, and I think the Urban industrial look will be the "Oh that is so 2015"