My reasoning is that soap dishes are often the point where cracks and gaps start appearing, and frequently old soap dishes "fall off".

You just have to go about the process a certain way in order to fall within the guidelines.

Many friends who moved from the UK to the US fall into this.John Corey

I guess I have a high tolerance for risk...I am aware that although we may be in a buyer's market, there is a strong chance that home values will continue to fall...I appreciate your input and thank you in advance...cheers,bob

Have you ever cleaned feces out of a bathtub or had roaches fall from the ceiling and crawl down your shirt?

Don't fall in the trap of being "married" to a position.

If you listened to the gurus, you would think that owning rentals is just a lot of sitting around waiting for money to fall from the sky.Having said that, certainly not all tenants are bad tenants and not all tenants need to be evicted.

You'll need to include the proof of funds.My number one piece of advice would be to avoid falling in love with any particular house.

Maybe.Hard money can fall in the gray.

Otherwise you find a deal looks great for X months of years and then seems to fall off a cliff.Similar to tenant turnover.