So I guess that my plan is to put bids on properties as if I'm going to hold them to the river (i.e. make sure that they're positive cash flow after paying everybody that needs paying / generate sufficient IRRs), but to the extent that I can, I'd like to flip them for a quick profit.

I live in the Tri-Valley (san ramon, dublin, pleasanton) and would like to start out as close to home as possible but home prices are still relatively high.

In researching what they call "The Valley" in Texas... the area right along the RIO that is loaded with seasonal RV parks, there has been a slowdown since the September 11th events.

I am now working for the sales organization of a hi-tech firm in the Silicon Valley.

It depends where in the valley you are investing and what type of deal you make on the home.

You should also attend SDCIA meeting in Mission Valley to network with other San Diego real estate investors.

I'm currently looking at multi famliy 6-8 plexs in the Mat-Su valley area north of Anchorage.

Shoot me an e-mail if you need and help with anything, if your from the Reading, Lehigh Valley , or Philly area I have a lot of local contact info that you could use.....Jon Frame

That said, I have worked in and out of Vietnam for the last 20 odd years and I have actually bought and sold an apartment in HCMC.I was looking for a place close to our office by Tan Son Nhat airport and one of my local partners invited me to join her at a new condo development open house in Thu Duc, 15 mins from airport; 3 buildings on the Saigon river.

On that note then, with the increased price of Central Valley property, even with no tenant damage - did the increased financing payments along with taxes and the other minutae approach if not exceed 50%?