Are you dead set against investing elsewhere, where the numbers would make a whole lot more sense?

Dave is dead on.

It's a foreclosure property, being sold by Fannie Mae, for $156,000...its on a private lane, that's off a dead end-road.

They are going be transferring the title to me in the coming weeks (actually to the LLC that i am in the process of forming for tax liability and protection purposes) and I have read and signed the contract which assures me of a clean title and title insurance and i have already checked the property records and the taxes are all current and I have copies of the sheriff's dead, quit claim dead and proof of auction where the property was purchased by the REO.

Finally, when he did his hypnosis show a drop dead gorgeous woman fell into my lap and then ended up putting her arms around my neck during the show.

He looked me dead in the eye and said do whatever you need to do to acquire land around that area before it becomes common knowledge.

(I'll add some more to Jeff's list of what to look out for regarding vacant homes)old cars in drivewayold windowsair conditioners in windows in the dead of the winter.Funny thing is however, most of the homes we end up buying (probates) usually have none of these characteristics. 

It's brain dead easy to find deals that make sense.  

Does your rental property cash flow with  5% return allocated to the $900K value ($3750/month).I personally do not understand having cash dead and buried in a property and wonder if there is not some better use for the money.

For the abundance of them, I can't help to think it is a dead market for renters.Thanks for any help!!