As far as individual SFR deals go (not bulk REO) I try to stay in CA.

and i don't regret it at all. sure it's nice to have made a great profit on my first transaction but i viewed the situation as:1) i can continue to rent...2) ...or own a property paying the same amount of rent and expenses while gaining experience.in both instances my cash flow (i'm going to include the income from my job) would have stayed relatively the same---granted i pay about 200 more due to taxes and insurance. but 200 extra a month was not as important to me as it might be for some one else who has a tighter budget. but since i made the leap definitely feel more confident navigating the entire process over again and also learned how to do some rehabbing on my own (tiling, staining, flooring, light plumbing..etc...)I also now have realistic timelines as to when certain jobs can be completed----at one time i thought I could gut and fix my kitchen and two bathrooms by myself in under 2 weeks only working weekends.

Nodog houses so I guess the flippers stay away but why would Citi hang onto allof those houses?

What size is the house, how much do you owe, do you want to rehab it and stay or rehab and sell or rehab and rent?

I'm curious to understand the differences between pre-development and pre-construction investing---PCI was all the rage during the boom in places like FL---early adapters made money and the late comers took a bath...Regards,Scott Miller

Just the cost of staying locally.$10K can go a very long way when doing Lonnie deals.

For me personally, I look at everything as opportunity costs and holding all things constant, am I better off staying put, or doing something different with my money.

Right now that may be the case but like we have seen over the last 10 years, that is not going to stay there and probably will not get alot higher.

DISCLAIMER: I am not a tax accountant or attorney, nor did I stay at a Holiday Inn Express Last night.

Commercial space can stay vacant for a LONG time and this could turn this deal into a DISASTER!