Saying there are no RE cops says you don't have a clue about the RE industry, those who play by the rules and carry on legally and ethically have reason enough to turn in those who don't.I am the one who said 'there are no RE cops' and I suppose I should clarify that there are no Real Estate Peace officers riding around in Crown Vics with flashing lights to different open houses in my town.  

The idea is that you get off your *** and go do something outside all day - go hiking, ride your bike, relax on a chair by a fire outside at night.

My suggestion is use the rental calculator as a tool it's great to understand the cashflow potential, spot crime is a good website for understanding crime in areas, ride the neighborhood when you find something you like if your not comfortable probably not a good spot for you as an investor.

Kind of a wild ride for sure. 

I wouldn't necessarily try to flip a house in Umatilla, but buying to hold 3-5 years or more would be bound to ride some growth.  

@Jake Thornton love it :) @Michael Ealy taught me to only do a deal if it cash flows under less than ideal scenarios that way you can ride out the storm through tough markets when others lose their shirt.

Keep in mind that there is no tax free ride, you will pay in some fashion, if that's property tax or some other tax, you may avoid fed or state to some extent, but you will pay something somewhere to someone.

Thanks Andrew,You will love Nassau.I first fell in love with the Bahamas 4 years ago when I first visited Nassau.Make sure to snorkel around Eddie Murphie's island and get a scooter to Love Beach and all the way to Jaws Beach.There is nothing better in life than riding a scooter on West Bay Rd with an unbuttoned shirt and Ray Ban's heheYou will feel like James Bond :)

Another option is, you can accept the 30% discount and ride it out until the end of the lease with an addendum of all acceptable as-is condition until the end of the lease.

At the age of 15 he started riding his bike from Guangzhou to Macau, roughly 150 miles to escape the Japanese occupation during WW2.