So many come and go through churn and burn agencies, they sell their friends and families homes because of loyalty but crash as soon as their sphere is exhausted. 3)Experience – The market analysis experience you are better equipped to negotiate and complete the sale.

After the crash, the conversation around TDR came to the forefront and most of what you see on the internet is simply the echo of the conversation and may not include the rules that have been reviewed and commented on for clarity.

Are you prepared to lose your deposit if the deal somehow crashes bad?

I paid around 130k for it at the lowest point after the crash (and it needed some work).I'm sure you could find a property for 30-60k in metro Phoenix, but it certainly wouldn't be in an area that I'd want to deal with.I'm not sure what the rental market looks like in the AZ/Cali border cities like Yuma, Parker, Lake Havasu etc, but I imagine the mean prices would certainly be closer to that $60k point.

Then the crash came and allowing rentals because the only alternative to foreclosures so they bent the rules.  

That's not too bad for a quick crash course in REI.

If a plane crashes on your property that's not on you....

The minute they think they have things under control and stop going to meetings etc. is when they relapse.Even if the person is working hard to stay clean they will feel sorry for the druggy friends and let them crash their.Once around the poison of choice instead of a safe environment they cave in.I had this happen before with a tenant with a nice job as a chef.She had been clean for 5 years and had another year of probation left.Her probation officer swore up and down she was a model person in the program.At first things were great the first 2 months.Then these seedy guy start showing up from out of state in SUV's and then now she is keeping pit bulls for a friend of hers which is not allowed in the lease.One of her friends boyfriends stole a purse and police came and found him in the closet and arrested him.Point of that story is I do not ever take marginal tenants again.I will let someone else take the risk.I am not putting my money at risk or returns but I will gladly let the Government do it.I look for quality in properties now and not the low income stuff.You can't let a marginal tenant come in and affect your whole building if they relapse.

Maybe in other markets but we are a bit sheltered from the big crash.

I have managed to keep my good credit and not walk away from underperforming properties since the market crash..