I have been doing this for 14 years now and know that this is the case as do most sponsors that have been around the block.  

I can't even imagine the pain he must have gone through.

@Dan Close - I have a large (3,950 sq foot, 7BR) old mansion located at 1190 East Broadway, impressive woodwork and details, just between the two new Edwards Communities developments and a couple of blocks up the street from the new Paristown Point development (KCA's new event venue).

Count me in. i live a few blocks from downtown new haven and would love to attend this meet up.Date/time and i'm there @Corey Spruill

@Michol MurrayHow painful is the monthly negative cash flow?

Salem has a lot going for it, but it's a pain to drive there unless you live really close. 

A lot of the area is up and coming but if you go a couple blocks in the wrong direction the neighborhoods are very rough.  

Many decide it’s better to rent their furnished units longer term (3+ months) for less money because the turnover (especially with increasingly demanding clientele) is a pain in the butt and ultimately vacancy is quite expensive to your bottom line.

I feel that part is our biggest challenge because I remember that the conditions of the homes and tenants can vary greatly on a block to block basis. 

@Artur Madej The background puzzled me too - thanks for a reminder to block out the noise.