After the banking crisis in 2007 and 2008, many assets were transferred from insolvent banks to the three big ones on the island.  

Google “Missouri Job Growth” I find a report from the Missouri Department of Economic Development the report notes 3,200 jobs created in Columbia in September 2008.

@Joe Boggin,Please Seek Legal Professional AdviceThis is a situation where you should not guess or seek unprofessional advice and guesses.Seeking advice from an attorney in the area where the property is located can be a wise and very economical decision considering the alternative.

The situation got pretty horrible.Right now, the down market is locked up because of the EU sovereign debt crisis still weighing in on the banks and owners not taking the necessary haircut on their investment.

After they gut the corruption there, the investors who picked things up for pennies on the dollar will turn the spigot back on and collectively grow their investments.People from outside the area don't necessarily realize the nature and geography of the region, how massive it is, and how distinctly separated the different cities are economically, even though they can border each other.

There are areas in my market where subtle differences in housing style, school district, elementary school or location in the neighborhood have significant economic effects.

Come on now.I see you are a carpenter, so you are sensitive to investors looking for economical labor.

Many investors miss the reality that without supporting economic factors you can count on ,Market projectionsare empty!

This may be wise and economical considering the alternative.Violating tenant rights not only may cost you a lot of money, you will develop a negative reputation in the legal circle and perhaps in the community.There are landlords in the Colorado Springs community that have been Black Listed by Fort Carson for shady practices.

It would be a very economical and wise decision to seek the advice of a licensed professional whom you can meet with and will take the time to review all of your specific information and then provide you with options catered to your specific needs.