If the location is good, then first come the hippies, artists, and bums; then come the hipsters; then come the yuppies; then come the trust fund babies ... so another good strategy if you can pull it is to buy from a hippie, sell or rent later to a trust fund baby :) Venice is an excellent example of this ...

That said, I know RE agents that wholesale, but they are kinda bums...no offense. 

Savers are losers.Am I the only one seeing that we are returning to a 1970's style economy in which the rich are heavily taxed, entrepreneurs stifled and bums are rewarded?

Maybe you would like to offer some thoughts on the matter.As to the MLS or agents giving up their data it is already done albeit not openly or willingly, and I am involved in a web project to make it available first to members and then when it comes out of beta it will go to the public.Information should be free and flow like water.This attempt to hold back information is short sighted on the part of NAR, CAR and the rest and is completely unsustainable as we will all see shortly.The advent of the broker/agent owned MLS's was the death knell for this concept but the body doesn't stink enough yet so many doubt that it is dead.Because of this current ..whatever we are calling it.. crisis I am finding more and more people ready to talk about alternatives to the current status quo.And just so you will know I don't feel bum kicked at all.

Maximum Basic Standard FinancingSingle - $271,050Duplex - $347,000Triplex - $419,425Fourplex - $521,250FHA Basic High Cost area limits are:Single - $625,500Duplex - $800,775Triplex - $967,950Fourplex - $1,202,925Here is a site to look up Maximum financing with FHA;https://entp.hud.gov/idapp/html/hicostlook.cfmMaximum Financed Properties The maximum of four financed properties includes the subject property.Inducements to Purchase Certain expenses, paid by the seller and/or another interested third party, on behalf of the borrower, are considered “inducements to purchase” and result in a dollar for dollar reduction to the lesser of the sales price or appraised value of the property before applying the appropriate LTV factor.

Don't get too bummed out. 

Signing contracts with no ability or intention to close is FRAUD BY INDUCEMENT.

I’m fixing a couple of bum toilets and that’s it. 

Tenants move on their volition and most of the time it has little to do with our work in the upgrade/renovation efforts.If, however, you toss a large rent increase at renewal time, you likely will induce more move-outs. 

From what I've seen it has alot of cross traffic going through, People just traveling, going to the bus stop, Bums going to get cans out of the trash.A manager I know said to put a gate up to stop the traffic.