The turnover was driving me into the poor house.

There is a lot of really poor housing stock out there so you have to keep to your principles and be patient.

http://www.latimes.com/local/california/la-me-lopez-equity-wealth-20171126-story.html

They will be the first to decline rapidly in a poor housing market.

I personally buy poor houses in great neighborhoods not great houses in poor neighborhoods.

Originally posted by "REI":You know the quote about not being able to see the trees vs. the forest.John CoreyThe same could be said from the other side of the fence.There are just as many (IMO even more) media talking heads saying the subprime mess is overblown and ignoring poor housing numbers that keep coming out month after month, day after day.How many car salesman have you ever heard saying it's a bad time to buy a car?

This, too, leads to poor housing value growth. 

Bikes in the way ,Poor house cleaning Random junk in the yard and trash unkept is really just minor stuff .

For reasons cited above, renting out an illegal (without city approval) unit in the basement with physical limitations, such as poor fire egress, is a fast way to the poor house, when you lose the property to fire, or the jail, if someone is injured or dies. 

Entering into a new venture with others can be very exciting, but it can also leave you in the poor house.