I would also add real estate and bonds to the list as well.I think we are in a deflationary environment (i.e. too much debt and excessively low interest rates) and expect the value of most asset classes to fall over the coming few years.Like you, I'm saving my cash and hoping to buy my first rental property when prices come back down.Best of luck with your investments!

Should a bid be received by a third party in excess of this amount, the third party would win the bid and get a trustee deed evidencing ownership after paying the trustee with certified funds.

I use this term "business" loosely because most people become "owners of a new JOB" and not a business depending on how you operate it.

[Because unless/until she does open up to being comfortable borrowing, it means she's NOT interested in "BIGGER pockets", so can't really be helped from this website].After all, if she had bought an equivalent Duplex YEARS ago to the one she can't now seem to find a Lender for (ie. if she had created credit like "normal" people and borrowed between 75% and 96.5% instead of worrying about obtaining six figure savings first), it would likely have been a lot cheaper then (so maybe could have been paid off by now anyway - or, excess income could ALREADY have been invested).

I know I'm loosing money on this thing, but decided that this was going to be a learning experience.

For example, you might find that the $900,000 the seller needs is just to cover his mortgage so he can cut the properties loose and move to retirement.

@Chris Carson I believe 06, 08, 09 for investors is to fix those properties up so it can get approve for section 8 vouchers only and if they do damage your place they can jeopardize loosing their voucher.

If it means you loose 1/2 of the amount that was not performed, but you get the rest, do your numbers make sense to move forward if this is the case?

We are developing a Commercial project next door and this is excess land that isn't very attractive for other commercial tenants due to the layout.

Both of these are like slightly less well off continuations of their neighboring suburbs, and don't have excessive amounts of blight or crime.2) I'd recommend a single family for your first investment.