Do you have some business that has been generating income for you regardless of where you live, or will you be looking for new jobs in your destination city?

Congratulations Josh and BP nation for creating and adapting BP into the best online destination for real estate investors and professionals.

^ appreciate your POV, but to challenge your notions a bit.1- I think you're over empasizing the dominance of wall st. jobs; NYC is quite diverse economically; tech, medical, new media, many unique private businesses, etc.2- speaking at least for manhattan and parts of Brooklyn, they are major destinations and are in demand event in slow economy (yes growth is affected, but at least you don't see -40% drops in appreciation like you do in FL, AZ, etc.)

Success is not a destination , it is a journey ....

All bubbles eventually pop and it is true, if you don't learn from history, you are destined to repeat it.

Consider checking out HUD homes for small multi's owner occupied gets first crack.The US is the #1 destination for foreigners to invest in real estate.

I've read a very popular and recomended book on Duplexes, Triplexes and Quads and, Yes the information is sound advice but not everyone lives in very popular vacation destination.

There is a pretty hot vacation destination an hours ferry ride away from me with condos in the 60k, range they should have no problem renting for 100+$ a night.

A properties lend themselves to specialized housing like student rentals.Affordable Housing can be a huge benefit to an owner with qualifying local, state and federal programs providing grants for work to be done improving the asset.Unit mix is important having 2 to 1 ratio of 2-3 beds vs. 1 beds leads to less turnover.Remember the US is the #1 destination for foreign investors in real estate.

Santa Barbara is a popular destination for surfers, families, party-goers and anyone who likes a good time.