Studies done by behavioral economists show that people get more lasting satisfaction from experiences than from material possessions.In addition to the reason given above above, I would like home prices to go down for one more reason: I think our society has created a "moral-hazard" favoring bubbles.

If you really go down this road I can set you up with the people that write the hoa agreements, the management agreements etc... research, research, research and market study first though... know this is a pretty advanced game and you will get burned without knowing how to play it...

One negative could be at times I felt some of it was too lengthy but that may have just come because I already knew the information from my time studying real estate.

I've been studying, learning and doing deals for almost 5 years now.

As far as the imports vs. indigenous discussion goes, my observation is that in college all my study groups were all Indian, due to the fact that the american-born kids were lousy students who didn't care as long as they got a c in the course.

Jim- thanks for the information, I'll keep studying and probably be back with more Q's for ya.

Have you done a market study to make sure your rent isn't too high?

You're going to pay very high rates or give up a big chunk of the equity.You're more likely to come up with personal financing (friends, familiy, your own cash, etc.) to get through the initial studies.

.; the studies that support the use of the 50% rule were performed on various properties in this country.

I have recently started studying short sales as I come across leads very often.