Trading the asset every 5-10 years means the entire investment group (GPs and LPs) can upgrade the quality of their portfolio (less headaches), and they get to reset their depreciation schedule for everyone (super important).Not saying holding long term is bad; I am saying it's not black and white.

Grey on black is virtually invisible (all black).

As has been mentioned, Black Mountain, Swannanoa, Canton, Candler, Marshall, Mars Hill, Fletcher, Fairview, Fletcher Brevard, Hendersonville are all spots seeing growth.Greenville/Spartanburg sounds like it's currently an easier market to invest in.

The white, black, and gray (with a pop of color see the door) color scheme is trendy right now.

We live in an area where there are black widows and other undesirable spiders, so we have a pest service come every single time someone moves out; however, if a unit is empty for a time, black widows move back in and must be exterminated before a tenant moves in, so we do an inspection of every unit before someone moves in to make sure it's ready to go.

I'm a huge book wonk, and enjoy swimming, the outdoors in general, home brewing, travel, and cooking/bbq.My goals, to start, at least:Never stop learningNetwork - Partner - Develop relationships in the areaIncome - Income - IncomeDeveloping systems and working on time managementRehab jobs on the side to add to the ability to produce #3"Retire" from my day job by 40I'm also quite interested in personal finance topics, as well as harnessing the power of technology and data to make quick decisions; although I generally abhor black boxes.

I am very interested in learning more about the Michigan market.I also like that it still possesses a stigma with most investors as that will give other "black sheep" (like myself haha) more time to purchase cheap.Thanks for reading.

I'd recommend getting to the Black Diamond meeting in Waltham (Every other month with the next one in Sep), great meeting and pretty close for you.  

This may limit your growth rate in the short term when the market is strong, but will save you when the market is soft.Generally engineers have sound personal finance since they have decent, steady, well paid jobs and not extravagant spending/tastes (except maybe when it comes to technology)Possible Disadvantages:You will tend to over analyze everything and want to understand every minute detail before taking any actionYou may want or expect things to be "black and white" and have trouble operating with ambiguity and in the "grey area".

Is there a risk that a reserve fund is a financial black hole?