The population here grew around .5% in the last 5 years (650k-653k).As for Real Estate, prices are beginning decrease, and some people can't sell their houses for the over-inflated prices they used to be able to sell them for.

The real deals in my opinion are going to be the homes/ multi familys that are around the foreclosures and there value will decrease a lot because of the huge amounts of foreclosures.

i see what many investors do, and they do crappy work, and other homeowners HATE them for adding to the rental scene in their neighbhorhood thus decreasing the overall value of surrounding homes.

So, you could just as accurately say that you're one rent decrease away from negative cash flow.

I would try and buy low like others have said, but wait for your mortgage to season and then take the cash out of your house so you have the reserves should something go wrong, also if the the value decreases you have the money in your pocket, and if it jumps up you can always refinance.

When flipping homes, what is the best way to structure your company so that your tax liability is decreased?

I would agree that normally real estate prices don't decrease much if any.

The exterior isn't in too bad shape, and the interior is going to take alot of weekends and sore muscles.

I would say ABSOLUTELY stay away from landlording.If you want to flex your artistic muscle, I would suggest rehabbing.

.- Activities that would allow you to decrease tenant turnover/vacancies.- Activities that would allow you to reduce operating expenses and increase net operating income.d.