I am checking through the MLS system and the house is back on the market for $75k... it turns out, the financing fell through n the other deal and it was available again.

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I am from the Chicago area, I live in Crete, just off the N/W Indiana border.

I immediately begansearching some of my sources for tenants in the N Atlanticstates.

@N/A N/A:  How did you make out? 

Keep in mind I am not quite sure what you are defining "competition" as.North DallasMost of N Dallas is a nice area.

If you do it right, they are going to remember you, not that you were on team such n such.

I could go on but, truthfully some on the minor damage is just normall wear 'n' tear for a house that's been rented to a bunch of guys in there twenties.Anyway.

bottom line is, that's the bread n butter of rei.

We're glad you're here.Since you know a little about pre-construction investing,maybe that should be where you begin.Maybe not right now, but in about a year, the prices inCalifornia will adjust to reasonable again, and there will be opportunities for fix-n-flips.