But if he comes and goes occasionally and you are getting rent, I would think twice.

Maybe not every month, but as you've figured out, bad things will happen occasionally that will eat a lot of money.Over the last few years, lots of people bought property and rented it.

After foreclosure happens, you then occasionally get to experience the thrill of watching the previous owners (or just as often a squatter0 getting dragged out of the building by the sherrif

Occasionally we hear about someone who is doing something we do not endorse and we ban their ads, but that is as far as it goes with the Google ads.ALWAYS do your homework and never take anything as a given.

These types of situations though very difficult do pop up occasionally.

, she signed some papers to receive a 1/4 acre lot of land as part of her parents divorce settlement - the land was in - a new planned community in Navasota, Texas.She forgot about the place, until about 5 years ago when we were asked to pay back taxes - We complied, paying probably 400% of the value of the property itself in taxes (We were not aware of any alternatives) - since then we have been paying taxes on time.We once went to view the land (there is no house) - safe to say the community never "took off" - there are a few houses enclosed in woodland, with the occasional manhole cover in the middle of the woods.

If you cannot afford the occasional water heater blowing up, you are better off renting.If you plan to flip, then 90 to 115k is very, very thin - 50/50 that you'll lose money.

I used to be in that market so I occasionally read the news, though, and this article surprised me:http://timeshareconsumergroup.org/advocacy_industry_update.htmlThe points are a little skimpy, but the idea is that the ts industry has not experienced the same problems as the real estate industry and is actually experiencing growth in spite of the economy.

It's honestly been a blur.

Thanx Ryan,I have occasionally picked up leads by mentioning to potential clients/sellers/fsbos that I'm a member of Biggerpockets and intend to mention his or her property on the site.