driving by, sellers were present and said the deal fell out of escrow, encouraged me to make an offer How did you finance this deal?

I fell in love with AZ and am interested in potentially buying my first investment property in AZ. 

UL's only blew up when interest rates fell.

We fell in to feeling if the mortgages were being paid off and we had some positive cash flow things were fine.

But the problem was if a deal fell apart on the front end then the title company is in trouble.

Struggling to find the roofer who will actually do a good job, the fence fell from the hurricaine, leak in the stucco, etc.)Option 2: sell. 

Just look at the number of times Jerusalem fell to foreign invaders.As you can imagine, almost no one owns a castle anymore.

Finally, we should know that large stretches of Golden State are notorious for prostitution and drug dealing.By contrast, let's look at a property in Clovis: http://www.loopnet.com/Listing/19833265/605-W-Ashl...This fourplex is listed at $415,000, with a 3% cap rate, and actuals of $12k NOI.  

One year later a 5 unit fell into our lap and if I go back over the numbers we would have been bleeding on those duplexes or tri's.

Crazy that values fell nearly 8% in just two weeks... ;-)And thanks Karen and Minh!