The town she lives in is very impoverished and standard properties in low income neighborhoods range from $20,000 to $60,000.

We'll have fun improving the neighborhood.

Than my focus changed and I found a neighborhood I like in LV to invest, and I could still rent for 1.2% of the purchase price.

Dates and life expectance of all mechincal items.The neighborhood is older (1957) with Large Trees so I paid a Plumber $95 to run a camera down the drain to the street.

Despite the pleading of our agent, we over-rehabbed this one (in a "working class" neighborhood), spending $15K on the typical pergranisteel (pergo, granite, stainless steel) that goes into our middle of the road flips.

Now, let's say that the average house of comparable size in that neighborhood, in decent condition but nothing special, is going for around $125k.

That way I'm able to enjoy my living style, obtain interest deduction, and still feel safe in the knowledge that I have a free and clear home to move into if I ever need to.JSCOTT-I'm sure there are many people doing this currently, if they are smart.

hi arthur,I have before pictures, but the pee stains are very hard to detect. i do not have to replace the carpet and they ran the wet style vacuum on the carpet on numerous occasions. the discolorations though are still there. i charged them to repair a dark spot (left a bag of potatoes for a long time), but not for the pee stains.just wanted to see what everyone else does when tenants move out and the carpet has stains.

We've had borrowers walk away from the closing table after paying the fee because someone dumped a listing in the same neighborhood as the property the day before and the borrower thought there was no profit in the deal so he walked.

There should be a public hearing to get neighborhood feedback.