Im paying off student loans and a little bit of credit card.

Gone are the days when a property was offered up for  no more than the amount of taxes owed, now days it has become a bidding process and as in any auction enviroment people tend to get emotional about their bidding and become quite impractical, and irrational buyers

Also I am interested in building 3 floors and a basement and based on what you said it should cost a minimum of 250k just for construction.

As for the reconstruction work.....since most of the damage was from flooding, I’m guessing most owners did not have flood insurance which means owners will be paying out of their own pocket.....leading to a lot of homes not being rebuilt/repaired and a lot of DIY repairs by homeowners, due to a lack of money.

I took a trip to Youngstown, Cleveland, and a few other markets there.

These are professionals with additional training and a stricter code of ethics.

Even if my tenant is late with the rent, I still check in on them and make sure they are well and the house is in good condition, and a clean environment for them to raise their children there.

That could be a great way to find and stay engaged with local investors and opportunities. http://www.biggerpockets.com/alertsYou can also search for other investors in that area and follow their journey on Bigger Pockets here: https://www.biggerpockets.com/search/usersFinally, if you haven't already plugged into the Bigger Pockets podcast, I can't recommend it highly enough - it's been a wealth of education and a huge confidence builder as me and my husband have pursued REI and built our portfolio.Best of luck to you and look forward to following your journey!

Your resale value should be based on the market price and a solid understanding of the comps.

So far my business partner and I have accumulated 25 units consisting of mostly SFR and a few multifamily including 2 triplexes and a fourplex.