If you do not plan on changing jobs or relocating in the near future, and have a long time horizon, than I would start looking for your new home.

SFR - Appraise value 64,000 note 45,000 @ 7.5% 30 yr fixed P&I = $314 current rents $600 Under Option 1 if I simply pull 35K out of SFR 1 and leave other notes standing, my total monthly payments would be near $800 Option 2 with different bank 1.

I figure Hamden maybe one of the safest places to live considering I will be working at a near by hospital in New haven.

I plan on joining an REI club in the near future.

:) I sold all my inventory before the expiration (with the exception of one property) and have been putting off buying anything new for a couple months.The one property I'm holding is getting very little traffic, and other investors I know in the area are getting very little traffic as well.That said, I know other areas that haven't slowed down nearly as much...

Others are looking to have more of a "hands off approach or do not live near areas that are condusive for cash flowing properties.

•The loan failure rate is nearly zero.

You are selling very near the bottom.

Empty nester with a lot of equity in their home aren't nearly as impacted in a down economy.

Its near a state university (buff state), but is not exactly in a nice neighborhood.