my goal is to get a good PM.. other areas i have interest in is Naples Fl, charlotte NC they seem to have some houses in the 30-50 range.. I think in naples i can hope the market will rebound and I can gain apperciation on the house and positive cash flow! Of course it seems too good to be true also. I did check into the region and it is a very poverty type of neighborhood which maybe not good despite how cheap the houses are.. The one i looked at is on here and is 24,000 and she said she would manage it for 12% so if I bought it I would receive about 300 cash flow.. I read the 50% rule and that is something about all your expenses should be 50 percent of your rent. Of course I read it may be smart to take 20k and use 10k for two properties instead of dumping it into one..
