We are extremely happy with our choice and have since purchased another rental house and still rent our primary residence. 

I don't dissect their portfolios but with some of the recent extreme weather, turning attention to those markets that have had those types of events, which also means tapping into insurance claims to re-build, is a way to deploy product that has a higher rate of absorption.

With the proper positioning of the gutters and downspouts I have virtually zero water in my basement - only a trickle on extremely heavy rains.

This is extremely helpful.

However, joining the board here is extremely difficult due to how well the current board is known and unwilling to step down.

We bought our energy corridor personal home two years ago and it was extremely competitive. 

I just paid for my first tenant/credit/background history check and I was disappointed to find out that I can't see the credit check. 

Great guy and extremely reputable!

If all goes well we would purchase another rental once that was debt free.Our home is worth at a minimum $200,000 if one had to sell extremely fast.  

This does not suggest any sort of recovery in the economy, and frankly, it suggests that house prices are being propped up with investor money, that is bidding higher and higher.I cannot believe for a moment that this is sustainable, especially since most of these investors are leveraged up to their eyeballs in debt, and if the market rate for rent goes down, there will be some extremely sore investors out there.However, it is nice to know that when the market corrects again, our strategy of building a war chest for failed investment properties will make us a good return in the future as it did last time round.