I'm all for expanding to new cities 1 by 1, but location agnostic REI (any city at any time) seems fraught with risk - I mean, you might occasionally get lucky but man, you can also get swindled big time.

Daily, I answer many insurance questions and I occasionally come across some Homeowners policies that are impacted by something discovered on a property C.L.U.E. report.

I'd occasionally get a crazy bill because of it.

(see http://www.biggerpockets.com/forums/268/topics/59117-need-3-cash-investors-in-wake-county for an example) and occasionally you find out that a person who sounds like a potential borrower has a long history of defaults and foreclosures under an assumed name or another entity.

Hey T Nguyen no official summit is planned for Florida - but there are un-official meetups started occasionally by members.

Occasionally, maybe 10% of the time, the bank will discount the note by 90% simply to get rid of it.

As a frequent reader and occasional poster on this board, I value the opinions I find here immensely and thus, wanted to ask the group for advice on how to handle my situation.

Had this discussion with one of my clients yesterday.....a few things....one is sewer pipes...at this point I would probably be looking to see if they were replaced...in my experienced the cast iron black pipe lasts about 50 years...occasionally 60 or 70...at this point you may be looking at also replacing electrical and plumbing systems and insulation.    

Occasionally, you can find an online auction that allows for financing, but it has to be able to close within 20-30 days depending on the auction rules.

@Benjamin Knisely - we pay water on most of our properties and will occasionally charge $25 higher in rent for each additional tenant.