Anticipated rent is very crucial to determining profitability.

Try and stay out of areas like newark and east orange.

Hey Tony, Your strategy can definitely work and I've seen others do the same, there are tons and tons of apt buildings that need work and are being poorly managed by the current owners.I have built a database of properties in my area - orange, seminole, brevard, osceola county etc.

I am a licensed General Contractor home builder 45 year old married father of 2 boys in Coastal Orange county Ca.

I went to an real estate investment club meeting and heard shawn watkins speak and I am completely sold.Are you in the Orange County or LA area?

I am going post this one and it's going to be long (sorry in advance).When reading the discussion, I think it is devolving into debating the merits of apples, oranges, bananas and grapes all at the same time.

The thought of comparing real estate to a stock portfolio is apples and oranges, in RE that "equity" is preceived to be higher but in reality it's at your cost less depreciation and the only way to get money out of the walls is to refinance it or sell it.

Is Las Vegas a different market than Orange County, Calfornia ?

I live in Orange County, CA so I will check their website.

It's very important to understand the market in your area, and as you pointed out, pricing is crucial.