I'm still searching for my first deal but this will help me stretch my 50k down payment even further if I can get a seller to carry 10-15% and still get bank financing.

These were the neighborhoods around the Atlantic Rail Yards, Fort Greene, and Boerum Hill which is now home to the Brooklyn Nets and the site of numerous $400M luxury apartment developments.Of course this analogy is a stretch because of obvious differences between northern Utah and New York city.  

I'd love to hear more about this because I know that little stretch of paradise is going to explode in the near future.

No longer do you have to live by a beach or other tourist attraction to capitalize on STR.And lastly, this one is a huge stretch as its not really real estate but we rented out a Motorhome for several years to offset our cost of ownership. 

It stretches my brain trying to convert weekly to monthly to annually and NZD to USD, but I'll tell you what's important.Trying to buy rentals listed for sale with agents will not work there. 

A lot of really solid advice has been sent your way on this thread - I, too, moved from the west coast (San Diego) to Indianapolis to be able to afford property and make my dollars stretch further.Moving to the area is the best way to ensure you get to know the lay of the land as a new investor and it allows  you to learn quite a bit being more hands-on.

If I were a buyer in that price range, I'd be looking to stretch upwards to get something larger and nicer, and it will only cost me another $50-60/month.   

@Eddie Fleckenstein  yes, that's one of those stretch pictures taken from the doorway. 

style="-webkit-font-smoothing: antialiased; margin: 0px; padding: 0px; border: 0px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-weight: 400; font-stretch: inherit; font-size: 1rem; line-height: 22px; font-family: "open sans", sans-serif; vertical-align: baseline; position: relative; overflow: hidden; color: rgb(52, 65, 77); letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; text-decoration-thickness: initial; text-decoration-style: initial; text-decoration-color: initial; height: 352px;">This would be my first online foreclosure auction and I'm looking for all the info I can get.Quick Facts: $425K judgement, Comps just over $800KA few questions1.

There are a few commercial stretches that I could see being developed into some charming retail/restaurant type places.