With the lowest unemployment rates and the oil fields booming housing has become outrageous.

Is that what you call a booming market?

Everything is two-sided.Going into a business with no market or 'competition' will signal that it is probably not worthwhile.On the other hand, a booming business or industry will a huge industry and competition, shows there is something to it.It doesn't matter, as in both cases you'd still need to kick-*** and work hard to succeed.

If that's tricky, think about hiring debt collectors or skip tracing services to find the tenant.

It seems like the project it is taking forever then boom the framers get there and the house goes up.

Why, because CA is the king of BOOM/BUST states.

Chunks of the South as well, but in places that didn't see the big booms of the last few years.I think that vacation rental operators will feel a ton of pain, relatively speaking, over the next 2-3 years.

Since you have to trust other folks with things, it's imperative those are good folks.I'm horrible with geography, but if you are in CT, not sure how far away that is from some of these but for example, Philly is booming right now for buying rentals.

General rule of thumb is don’t sue if you cant prove your case, and don’t sue if you cannot collect or the cost to collect exceeds the award.

Purchase price: $10,000 Cash invested: $110,000 Purchased a piece of property in a hot booming oilfield area got it developed for 25 rv spots and am collecting average 13750 a month rent.