I understand how this can happen among that crowd, they are a tight community and tend to know each other in the outside world.

You will often find a few agents in your area tend to get a bulk amount of the REO properties from the major lending institutions.

Mormons tend to be very kind and trusting, so I wouldn't be surprised if there are people who will specifically prey on them...

These "quant" techniques seem to work 99% of the time and they also tend to bankrupt the firms the remaining 1% of the time.

I have also found that if you are in a lower income area but go in and clean up a property and get reasonable tenants in, people tend to move on and stay away from the property, it can be hit or miss.

I cannot resist this, and of course it is highly inappropriate given your saga, and yes, maybe it is even too soon..... but this is the internet and people tend to say inappropriate things before they are entertaining... but, here it goes:So what are you thoughts on Angie's list now?

Unfamiliar folks tend to jump to conclusions from a mix of their opinions and horror stories they hear but have never got their hands dirty to know the in's and out's.

With new projects we tend to get overwhelmed by thinking, at least subconsciously, that we have to do everything and do it all right.

But, in areas where construction costs are significantly higher, expected cap rates tend to be significantly lower and gross income tends to be significantly higher.

I tend to over analyze and its good to simplify whenever possible.