s property owners will have a 11% decrease in taxes which is significant now, Stockton University is constructing buildings on the beach block (The E.C. that I work for is working on the Parking Garage of that project), Tropicana Casino is expanding, and Hard Rock Casino has acquired Taj Mahal for a full renovation and transformation to a Hard Rock Casino.

That's the only time I have ever seen a bank go below, if the house was upside down so the judgment plus costs exceeds the FMV, but it's far less frequent in this market.

@Ari Hadar The objective is to get the property in contract and then enter due diligence...I see this frequently with new investors...they always perform due diligence up front and then consider an offer.

When the day comes in the near future, i will likely move to that area for a little bit or even visit frequently if not. 

I like to frequent the Art Scene in Cleveland and know a few artists if your looking for some ideas.One gentleman has done portrait murals at The Root Cafe, very impressive.

Given the job losses / casino closings in Atlantic City - Foreclosure activity jumped y/y in November.  

I never feel like I'm doing something wrong where I'll owe, but frequently feel like I may be missing a deduction.  

I do participate in DIG's DelCo Subgroup and frequently attend the Breakfast Subgoup on Friday mornings, and have found those to be immensely helpful. 

We get letters like this frequently under Reg.

Remote Management: Read @Jim K's post again, and again, and again.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with zero or negative relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenants: majority will have FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, recent evictions.Remote Management: Just buy lottery tickets or go to a casino and bet big!