My reservations are tied into working with an agent and the fear of wasting their time or overpaying.

If the borrower took out the 2nd knowing that it was not a 2nd that is different than someone forgot to record.There could be liability for the title insurance company if the 1st was not recorded and yet a policy was issued indicating it was in 1st.This one could be fun or a waste of time.John Corey

How solid is that valuation?

Looked at some started homes in my area and came accross a solid house (half a duplex) for 29,500.

Now that the RE market is going down, I am hoping to make a solid investment now that I can be proud of 10 years later when I may decide to settle down with option to dispose it quickly if I decided to move to some other part of the country.

If it is only when you do laundry then it is a problem with the waste line.

I can't see running ads nonstop for buyers, other than networking, and even that would be a waste, as we all know that 90% of people never even buy a home to invest in.

But is good, solid suburban property ever going to go to zero value?

Today I got a phone call from my agent's broker saying that I was wasting their time.

I would certainly love to have other capital sources to fund deals that are never more then 65% LTV with solid exit stratagies.