Investment Property

[sovereignty42]

Of course, a financial crunch or bubble burst is being talked about here in the states, especially in markets like California, Florida. Even Seattle's market is high, but we have a good local economy to help keep prices up. Rents are going for a prety good amount also, though many are getting priced out.

That's why thinking about the fixer uppers and forclosures may be the way to go in the bigger markets, especially if people start failing on their adjustable rate mortgages if the fed hikes interest rates much more. Lots of people getting interest only adjustable rate mortgages here. Easy to get into and I'm not sure how savvy the average buyer is when they make it as easy to get into debt like they have been. Tons of zero down/no documention/stated income options available to almost anyone with even sub-standard credit scores with terms from 5-50 years now.

Landlord legal obligations vary from city to city, state to state. Some favor landlords, others tennants. Wide range so no real general rules without finding out from the city the property is in.