Thinking of using Michael Quarles & Yellow Letter Mail (couldn't @mention for whatever reason), and a We Buy Houses website with a little SEO to go with it.Thanks again in advance.

This was really inspiring and makes me wonder what can be put together in my area.

Inspired by the other Jon K's topic, "What can $500 rent in your city?"

So buying a foreclosure, doing the rehab and then finding a tenant and a PM seems a wee bit off our hands cause we're so far away from our next-to-be investments.I saw Dallas as a good spot but it seems that ROI is not as good as in Tampa.I've heard a lot about Kansas City : low prices with the approx. same ROI.Tucson is hit hard and foreclosure inventory stays high, but it may seem a good spot too.We dont want to invest in Miami as we think the town is pretty much overrated and wont get back to the insane level of median price.

Ned Carey you have just inspired another post for me to add to my other thread "Accident or Choice".

You don't have to provide all of the details above, just anything that you would like to share about your successful REO transaction(s).I look forward to reading your inspiring true stories.

It is separately metered for utilities.Someone said I lucked into this deal, but they were not around for the three months of research I did, and the other chances I turned down that were just a little out of the formula.Mike OH has been an inspiration with his 50% rule and tough financing stance.Thanks again.

While they explain what some of the indicators are that they use to determine what would make a good emerging market, they do not really get into the nuts an bolts of exactly how to conduct this research.All in all I thought the book was good and it definitely gave me some moments of inspiration of things I can change in my own investing career, however I would have preferred more practical "how to" information versus theory.This is a book that I believe would be helpful for experienced investors.

I still have a couple realtors looking for me, but I have decided to try direct marketing to select neighborhoods that I am targeting by sending a "we buy homes" letter.

They just look like the inspired team of 07.