The whole area is booming, but the bedroom communities along the Interstates (40, 24, 65) seem to have the most potential for growth.If you are ever in the area or want to discuss Middle Tennessee real estate, hit me up!

As for the cost of re-boarding the loan, that's unfortunately just the cost of doing business.I'm not sure you're experience level but to remain compliant, I would advise against taking it into your own hands unless you're a licensed debt collector or debt owner per the requirements of your state.And if you take it back as an REO, that's after the fact of Foreclosure so no matter the exit, you'd still have to get clear on that first.The good news is it's still occupied and since they paid in some money it looks the borrower may want to maintain their interest in the property. 

It has been booming lately! 

Those areas more or less line the southern and western boundary of south city and provide a nice anchor/buffer that should put keep up positive pressure on the booming hip areas for single young professionals like Tower Grove, Shaw, etc. even if that growth starts to slow.

If they are even half right it will be a boom for people who invest now in Austin.  

We have a great tenant and our house cash flows pretty well, and we bought is as a personal residence initially.Rents have risen from what I'm seeing in the Summerville and North Charleston area and industry is booming with Boeing, Bosch, and many other large companies in town now.

There is a viable entrepreneurial movement in Cleveland right now, but it can't fill all of the 30's & 40's buildings from the booming industrial era.

John,BU and Northeastern both have huge international programs, near them might be a place to look, however it is very competitive in those areas and the boom in rents over the last 5 years has driven the prices way up.

Your utility company is probably a source for energy assistance, youth programs do neighborhood clean ups, trash collectors may offer support for an annual clean up day.

Wake Forest and Cary would to two that have similar amenities and general feel but have both grown very pricey.Knightdale and Garner will give you a better value on what you purchase and still have very nice shopping and new infrastructure that has gone in as those towns boom.