Washington Post article Food Stamps Put RI Town on Monthly Boom and Bust CycleDespite Concessions, Woonsocket's Pension is Forecast to Run Dry (Valley Breeze, the local newspaper to read for Woonsocket stuff)Appeal Period Expires on Supplemental Tax Suit (Valley Breeze)The last one is particularly relevant because the "supplemental tax" is a special extra tax bill Woonsocket sent out to property owners a few years ago, basically because they couldn't meet their expenses with property taxes alone.I like the general concept of investing where few others are, however I also give huge consideration to the fiscal stability of a city or town and how responsible its leadership appears to be.The latter is mainly because, if spending outweighs income a municipality can do one of two things: 1) reduce spending, 2) increase income (i.e., raise taxes).

Two thoughts first:it is a rare situation that the owner of a rental property will want to sell the house they rent and not ask the tenant if they want to buy first.You can not buy what is not for sale.You need two things; your offer price and the name and contact information about the owner.You can probably find the name though your county tax collector web site or ask the management company, but keep in mind the Mgt co loses money if you buy the place.find comps and make an offer, you never know what they will say.

But to say the economy is booming and liar loans aren't happening is not accepting that they aren't before the last crash either. 

Wrap that all up with the manufacturing booms just outside of town with Jushi, Michelin, Samsung and others. 

That area is booming and I am hopeful to see what I can get.

And with the giant boom of appreciation we just saw in the past few years, I wouldn't count on big appreciation in the next few years.So the smart play would (as always) be to buy an undervalued asset, then add value and increase rents. 

The vicinity has projected mid and high density growth of 30,000 people in the next coming years which for this area, is quite a boom. 

You might be able to sell the debt to a collector - I have never done this but heard it was a thing....anyone here sold a judgement?

He said it would cost around $4k"Boom.

I figured it would be around 100k based on the area and comps (my realtor did too), but in the past 6 months this market has really boomed and I guess the homes have increased about 15%, so it came in higher than anticipated.