It depreciares daily, costs money to maintain, and doesn't help you short term to build credit.

I'll put them on the list I'm maintaining on my BP blog.

We spent a while chatting about our views on how property should be run/maintained.

If you mind these areas and maintain options, you shouldn't have a problem.

The other option is to walk away, which is something I am also seriously considering.My wife`s point of view on this is that we get well maintained but old and non-upgraded homes for 620k in that area.

However, it has no upgrades and nothing has been regularly maintained.

There are obviously costs involved with obtaining and maintaining a license to consider as well, but one successful transaction could easily cover your expenses for the year.Your upfront costs would be:- Classes / materials to cover the education requirement- Testing and finger-printing fees (for the actual licensing exam and background check)**You will need to be sponsored by a broker in order to have an active salesperson license, so you'll need to figure out this piece as wellYour ongoing costs will include:- NAR (National Association of Realtors) dues- TAR (Texas Association of Realtors) dues- HAR (Houston Association of Realtors) dues- MLS access fees (assessed quarterly)Again, most of the answer(s) to your question really depend on what type of investing you're looking to do.

I know I'm not planning to sell anytime soon but we can't predict the future so I still factor in the ease of liquidation.I also find that the amount of work that I have to put in buying and maintaining a 4 plex is pretty much the same as a 14 plex.

I've noticed a lot of first timers flocking to the TN market in the last 18 months so I can see why you are experiencing this.

They've paid a few years of on-time rent.