We market the property at lower price and then discuss a sort of 'cost averaging' for that utility during lease signing.Here's another 'out of the box' idea - depending on your layout and climate - you may consider electric baseboard heat as a different option for heat, coupled with using window units for air....Jim

Any ideas?

@Scott NidellHey ScottAbsolutely your words are gold.No point buying in undesirable locations and end up with trashings.When I started buying in Atlanta in 2011, (South Atlanta), believe me I had at least 4 trashings.

Does anyone have any input/is that a bad idea?

I agree with many of those investors that a correction of some sort will happen but I am under the belief that it will not lead to prices decreasing much but rather stagnating for a few years.Though @Alvin Sylvain says he is new to investing, he has the right idea.

Any idea what base you wife will be assigned to?

If anyone is in Los Angeles and wants to meet up for a coffee and chat about long distance real estate investing, bounce ideas, search cities etc let me know!

Will this be a good idea to buy cash?

Have a termite inspector evaluate it and he can give you an idea of the extent of the damage and can give recommendations on treatment.

You get the idea.