However, my bet is that ten to fifteen years from now these may very well turn into high-density section-8 tenements.

I'm guessing this leasing tact is the developer activity you mention.Sorry, I'm not familiar with condo. prices in the area, but it should go without saying that the housing market here is as bad as elsewhere -- and layoffs at the major employers (Micron and HP) are bringing more homes to the market.I realize my interest in this is entirely different from those of you that have invested in this project, and might loose large sums of money -- I'm deeply sympathetic.

This way I will be able to keep a tab on them while they will know I am still active, and I can hopefully be bringing money in also.Hopefully I will be meeting you back at home!

People tend to take it personally when you evict them; turn them down for a rental; have their Section 8 cancelled; have them arrested for drug activity; etc.

I'll bet all five of these houses are sucking several hundred apiece out of your pocket.

Use a different name like "Family Activity Court".

You're losing money every day you hold it because of the monthly loss.What you're betting on is appreciation.

(using active verbs rather than passive makes your writing more immediate, more exciting, more enjoyable.)

In my own words...Active member in the private sector of cash flow notes.

Yet other areas have enough inventory to get a good deal and yet enough activity to be able to sell the rehabbed property.You need to learn about the costs for doing the work, buying, selling, and holding the property.