All good advice, I think I’ll just watch and wait, hopefully research and learn while I wait. Hasty is not my style anyway. I only prematurely gave a second thought because the numbers were so good. When I was devising my plan to rule the world, I figured i’d buy two rentals at about 100k each, making sure their 2003 price was at least 200k and that they were cash positive from day one. Then after 5 or 10 years, hopefully the 2003 values would return, sell one, pay off the other and milk that cow forever. The issues about older houses needing repair, vacancies, density, etc. are all valid points, I think I’ll listen since it does seem to be the consensus, and it is highly unlikely the landscape will get better over the next year.
