I think that's what you're referring to here and I agree with your sentiment.

Jon - my sentiments exactly and thank you for your input. i am ok with $100/mo cash flow tops, and counting on tenant's equity buy down over time.

REO's are good for me because my offers don't offend a family/owner...it goes to Bank officials who only care about their numbers...no sentimental attachments...

I don't want to sell it because it has sentimental value to them; it was their first and only home.Any advice on how to do this?  

I would sell, however I'm in the middle of construction, and I have sentimental value to the property, also it's in a great location.  

Account ClosedI have to agree with everyone sentiment regarding the area. 

I agree with the sentiment on this thread in response to your post.You can't be afraid to move or you will never move, the time will NEVER be right for the cynic or unreasonably cautious.  

So far, I’m getting the same sentiments from the bank since essentially the repayment doesn’t change.

I understand that the market is hot now and it sounds like the US housing market is potentially peaking. the last few years where great here in NZ and trading properties is easy when sentiment is good (anything to do with on-selling deals we call "trading") I'm keen to get in to your Market but not desperate to rush in with the crowds. 

A lot of people in the area are very quick to criticize Niagara Falls because the general sentiment is that the area is bad, tenants are bad, and there is not a lot of appreciation.