Colleges, especially college housing, are very skewed by financial support figures and cheap Government money.Additional housing in your area wouldn't hurt rents as much as it would decrease dorm occupancy.

In my area, the median price for all housing is roughly $90K.The cost of the mosaics is cheap enough that it's hardly NOT worth doing.

Houses are cheap.

We also have areas where land is cheap and you can build sprawling homes relatively cheap.

That said... if you can pick something up on the cheap for your personal residence in La Jolla, Birdrock, or North PB... you will be very stoked.

I guess you can't expect a cheap switch from China to last forever.

The problem is that a Ch. 7 is so cheap and easy versus a Ch. 13/11 which can actually avoid a foreclosure.

Finance in your funding fee and negotiate the seller to pay all your closing costs (money is cheap now - $3,000 in lower sales price but you pay that much out of pocket for closing fees isn't worth it - the difference in the payment is $15/month and it's deductible.)

The problem I've found is that most of the adequate and cheap accounting software does not keep particularly good track of my tenants.  

The guy has not put the house on the market yet but wants to figure out a price to offer it to me, and wanted to make sure that I don't want to just buy cheap from him and flip but actually buy-hold it (which I do plan on doing).