"Real Estate is always local" (So it's difficult if not impossible to determine national trends and predict the future)I think the most telling portion of the interview is that 1) no one knows what is going to happen...yes there have been sigificant gains in specific markets that are braggable but we don't know if it is sustained or not.2) Shiller was very open to rental- as a business model- is sustainable and growing.

What about the water source for this Park and what sort of shape is it in?  

Here's a calculator to help figure out how much earlier you could pay off your loan.If you feel like you'll be in good financial shape in the future without having this investment property, then it might make more sense to sell.

Maybe have a security deposit and possibly give back a portion of the option consideration like cash for keys if they move out with the place in good shape.

This Trending Tuesday we once again bring you the hottest tidbits of real estate news from the past week.

I have not worked with them.I have worked with a company called Capstone Financial with clients on commercial deals and closed them.I don't know anything about the company you mentioned good or bad but be VERY CAREFUL.Sometimes I will see a trend where some companies will pop up with a very similar name to a credible lender that has been around a long time to legitimize themselves for instant credibility.

After raising the value of the property (meaning I could sell at any time for a profit), then I start looking to put money in my pocket and to establish a decent trailing 12 in case I plan to sell.At 240K for 8 units you're only paying 30K/unit which is much less than current industry average (unless your property is located in a town like Clinton, SC where it's mainly section 8 and slum housing with no trends towards job growth).This property is definitely worth pursuing.

However, because the building is not in good shape and the owner is not fixing anything, the complex is currently a revolving door of tenants and the only tenants that will move in are those who are probably denied everywhere else.

What I think you'll find when you learn the deal analytics is that most deals are bad deals and if you can quickly comb through 25 or more deals a day to find one or two worth running the numbers on then you will be in much better shape..

When I was searching the only properties I could find in that price range were in pretty rough shape and in rougher neighborhoods.