@Steven Gesis, yes sir... it is definitely frustrating, not only for the investor but the homeowner as well.

I lived in the 5th ward for two years after college as it was affordable...my truck was vandalized every six months, and I was in the nice south of I-10 area.I own several rentals in the Houston and larger metro area now - none are in the 5th ward.

It was very frustrating trying to stay on top of him.

But still better then most cities as the cheap home prices drive growth through affordability.

Working in Wall twp and allowing for a one our commute affords a huge territory.

She new I liked rehabbing and this one was affordable. 

Missoula is still relatively affordable, but the college has been going through a rough patch lately that is likely going to keep prices from inflating too much.

Loan modification programs, such as the Home Affordable Modification Program (“HAMP”) are covered by the rule only to the extent that the modifications do not involve extending new residential mortgage loans or offering or negotiating the terms of a residential mortgage loan application.

It's getting extremely frustrating, I live in a college town and I keep hearing how wi is such a great place to invest but I'm just not seeing it around here .

Its not worth the hassle in my opinion, put it on the market and sell it to someone that can afford it.