The properties also have appreciated very well, and we currently sit at about 55%. debt to equity ratio.

In a market where buyers a bountiful, sellers have too many other options to consider, before accepting an offer from someone trying to assume their loan. 2) Anyone who has owned their home for 3+ years is sitting on a substantial amount of gained equity from appreciation.

At present, our vacancy rate sits at 50%, but we are actively vetting a long list of prospective tenants.

I would not want to run a business and lose money every month.You have to sit down with a business/life coach and figure out what you want real estate to accomplish, how is it going to fitinot your life.

Don’t get me wrong, I realize there’s a class of folks out there with too much money to burn, but if anyone reading this is sitting on a spare $1m they’re throwing into 3 month/year New England ski house because they don’t know what else to do with their money let me know.

Also, the area I am from will forever have a overwhelming amount of people looking to rent so long term rentals don't sit on the market long there.

Another thing I like to do is go to the Olive Garden or Carrabba's around 2 in the afternoon when they are not very busy and order just a coffee and sit with the contract and read it. 

Heirs let it sit for a few years.

Heirs let it sit for a few years.

It it's sitting on an acre, that's something else again.