Other issue is after driving thru the park the place looks like everything was rigged together by the residents.

I have identified a foreclosure that I want to jump on for my primary residence.

I just bought my current primary residence just under two years ago, so moving is not an option.

Likely 1 primary residence then 9 rental properties.After that i'd suggest using additional capital leftover to purchase commercial properties as opposed to paying off those residential mortgages early.

This one would be considered an investment property and the other one would be considered my residence.

Hi Nicki,I currently reside in Hamilton Cty and work in Marion Cty.

In my first target market, my home state of SC, high NOO property taxes kill an unfortunate amount of deals.I own my primary residence in CA and got lucky purchasing it in 2009 when there were foreclosures everywhere.

I reside in NC and the property is in NJ.

Or is it your primary residence?

The economy is to blame but local politics have played a role in the demise of Arecibo as well.I'm not sure how long your most recent visit was or when you are planning your next trip, but I do hope you get a chance to view some of the other " non tourist" areas as you may be pleasantly surprised at the resurgence (albeit gradual) of some of the surrounding towns.I've been a resident here now for the past 4 years and I currently work as  a lender at a local mortgage bank and also am now getting more involved with RE investing here.