Swing a big hammer with a big deposit, if doing it -he will have the cash.

As the folks above mentioned, you should swing by and meet us at our local REIA meeting in April and we might be able to offer some advice to keep you out of trouble.Take care...Jeff

The property values could swing wildly destroying any rental economics.

I believe most investors are better served hitting singles locally than swinging for the fences (and usually missing) in outside markets they don't know and with far less control over the day to day functions.

If you have the means to hold the property, make the repairs to the foundation and wait for up swing in the market, I would try to hold it.  

If I was nearby for other reasons and could swing by, yes.  

Thanks, Sam - I don't know if I fully subscribe to the 18 year real estate cycle, but a huge market crash is already in full swing in various CRE asset classes, including multifamily.

Examples are mobile home parks, RV parks, and golf courses where the value of the property is not primarily derived from building(s) but rather from the improvements to the land.

There is a meetup tomorrow in Santa Monica you should swing by.

According to a local real estate agent, I was told condos at the Point Royale Golf Village have the below (COA, POA, Golf) fees.Purchase Price: $200,000Down Payment: 10%Interest Rate: 6.5%Principal + Interest +Tax + Insurance: $1,421PMI: $100COA Fee: $209/moPOA Fee: ($1,500/yr) = $125/moGolf Fee: ($700/yr) = $58/moUtilities: $250Cleaning Fee: $600Internet: $60Misc: $270Total Expenses: $2,996/moTotal Revenue: $2,500/mo based on 50% occupancy rate and $158 average daily rate.Result: -$500/mo