There have been a rash of shortsales in my area but nothing alarming, definitely a decent quiet neighborhood with very little crime.

@John O'Keeffe Welcome to the community sir.Quite honestly, you have already found THE BEST source of information right here on BP.Sure, there are other sits and Youtube channels that offer some education, BUT by far BP has the most densely pack information in all of the internets ( 'Murica)Good luck!

It seems like a 10 year old house will sit on the market Bc there are so many brand new developments to rent.

Be there while they work and keep track of time and if they are sitting around not working.

It reduces the amount you can charge in rent and may make it sit a little longer, but it's not the end of the world.

Since this has happened so fast I haven't had the time to dig into this while I'm sitting here at work today.

It's the last trailer on the lake though, possible equity in the acreage it's sitting on if I can get long term cash flow from it. 

I ended up lending to those so at least I make a nice return lending my funds instead of sitting on the funds for months on end trying to get a deal.I morphed into New construction much less competition  as dollars are more.. still tight for lots. but margins are better if you get the right lot and sales are much eaiser as folks really like NEWCO.. not sure how that plays in your markets. we pay 100 to 200k for a lot spend 200 to 400k building the homes and sell in the 600 to 800 range..  

But don't be a ush over.Where is the tap (whose actual property does it sit it)? 

I don't know why any investor would ever sit down and mentor anybody who could potentially develop into a local threat to the mentor.