I am telling you from what your experience level is you will not like it.Once I tell people the work involved to generate the yield they don't want it.The stuff throw out at the investor meetings is usually the also ran stuff.Seasoned investors passed on it and the broker is hoping to find a newbie investor to jump on this DEAL of a property.

I buy AO lists from Melissa Data and of late have been wondering about the accuracy of theses lists.

I would look up ADA requirements at the federal and state level. I

Macy level is the happy medium between profits and expenses.Deal Breakers I have found are LocationCleaniless InternallyCurb appeal (cleanness, landscaping (fancy not required just clean up)No Carpets, tile, laminate, hardwoodFresh paintUpdated (again doesn't have to be perfect but the right paint and flowing can bring anything up to date even with a blue tub) Paint can bring the cabinets into this decadeWorking/Funcitonal/No appearance of issues (cracks, filled in, etc)One step up (garbage disposal, dishwasher, automatic garage door), etcUpdated hardware (kitchen, light fixtures, etc, spray paint can work great)Some bonus if cheap, I would also put in.

The price of a nice home in the part of Orange County where I grew up was around $40K and I wanted to live above that level. I

Overall I feel like note trading or dealing with note brokers on an institutional level is not for me, and the "plays" described can get a little hairy and then insuring them etc etc... that's all a little too much for my taste.I had never really considered notes as a "thing" to trade in, but that podcast opened my eyes to it.

I'll see what her comfort level is on the rehab money.

I am not sure if ever it will go back to price to 2006 level. I

I would not do that at this level. I

I could have asked more questions of you to see where your level is at, but anyway if you don't need all of this, maybe someone else reading your thread will.You're thinking about buying and then looking into renting it later, we just don't know what that later date is for you.