[cashflyer]

A house in my neighborhood has come onto the market and I am considering buying it as a rental property.

Never been a landlord before. I have read plenty of horror stories here on Pelican.

Anyhow, the house was owner financed to the previous occupant who was evicted in November. The owner is two states away, retired, and says he doesn't want to f*ck with it any more. Price is attractive.

I live in the neighborhood, and feel that I could "keep an eye on it" - unlike the absentee owner did.

Some people tell me that there is a glut of renters because so many people lost their credit, and that this is a great time to own rental property.

Others would refer me back to the horror stories.



Any opinions from the Pelican trust?