I like to trade a percentage of my paper for shiny rocks, especially when the rocks are at 5 yr lows.

Had dinner with one of my clients here in Birmingham last night.. his take on it was those that are not sophisticated will have problems they will forget to file their paper work wont do it right and have other issues and so those will add to the normal non pay for other reasons. so this could very well cause a run on the lower socio economic scale borrower.. the ones the govmit tries to help the most.. that was his take on it. 

I highly recommend Ram board for protection over any visible areas, not just the brown paper.

Thanks for everyones help and feedback on this, besides @Quincy Lockett, this guy isn't throwing in the towel that fast man, come on. 

IE stucco siding tile roofs etc. 4. no state income tax5. super easy to get to  200.00 round trip from SFO and only takes about 65 minutes. 6. fun place to go. 7. buy nicer areas that have strong rents.. when you run ALL the numbers  tax's  cap ex  on going maintenance you will find you can spend more get a very nice quality home that performs as well as homes that appear on paper to have better numbers.. 

At the same time, racist is not a protected class and there's no reason the PM can't give them walking papers when their lease is up.

The good news is that you can add back your paper loss of deprecation, and your cash  deductions of insurance, mortgage interest, property taxes, HOA dues and even one time extraordinary expense. 

To flesh out your decision a bit more, you might want to think about this in a little more depth.Go into both areas from 10 am to well past dark and drive the areas.Visit the grocery stores and fast foods, a few times each day and see what you think of the areas population.Talk to some shop owners in the area and get their view on the locals.Because these are the people who will be your renters.Do the look like they can pay the rent, (decent vehicles, decent clothing) or does the people look like they are struggling.Think about if this is this an area you want to do business in -->(long term)<--?

I May look towards a different signing platform, or go back to paper.

Fluffy towels in the bathroom...Do you have an Aaron's store near you?