If your rent estimates are accurate, the rent yields seem rather poor on these, barely more than 1% a month including closings costs and repairs.

Most barely know parts of the law.

At bare minimum, calling them will give you some practice at the drill of qualifying a "good lead".

;)30k would barely get me a down payment in this area.

Most who do construction work often will tell you what a joke most inspections are, the inspectors barely pop their heads in.

People's bare feet do the exact same thing!

It's not the flaking paint, or pink carpet; its the open ceiling and the fact that there is no kitchen to speak of.I think that 119k might still be high, but you can always negotiate with these guys.That type of house is what you're looking for.

I will barely even look at 1 bathroom rentals.

I don't know rehab costs in your part of MD, here in the Northeast you can barely remodel a bathroom for that.

Although we have less sub-prime debt, people are barely able to afford a house here and we're hearing doom and gloom in the news every single day.