Given the $350 monthly water bill (way out of character for this area), and the fact I have not even seen what the electric bill is for hot water, lighting and heating in the winter plus the $50/month that has been paid to a tenant to "keep it clean" and the small risk that goes along with operating one of these, the laundry room is a huge money drain.

Executive SummaryApanou Management, LLC was created by two self-driven business partners that saw the potential in the current Real Estate market and would like to make a difference as well.

I see a return to slow, inflation-driven price appreciation.

A large part of the loan proceeds were almost immediately distributed to “personal accounts and payoffs†for Tim Blixseth, who founded Yellowstone and controlled it, and his former wife, Edra.“The only plausible explanation for Credit Suisse’s actions is that it was simply driven by the fees it was extracting from the loans it was selling, and letting the chips fall where they may,†the judge wrote.“Unfortunately for Credit Suisse,†he added, “those chips fell in this court.â€A Credit Suisse spokesman told Reuters that the company was disappointed with the ruling, disagreed with the court’s findings and was considering its options.

And, although hard money lenders do look at credit reports, they are not score driven.

If it were to drop that 37% in the next year (not at all unlikely, IMHO), then were to resume appreciating at 3% per year driven by inflation then 10 years from now nominal prices will be right where they are now.

You can be successful investing out of state if you find a provider that you trust and who provides you with comprehensive metric-driven info upfront.

They are...well, not customer driven. 

Price is driven by the market.

My contractor is trying to convince me not to do it because shotgun houses have a lot of character ...