Look at more rural areas around railroads and transportation to the urban areas if you want a deal

Look for properties that are close to popular tourist attractions, public transportation, and amenities like restaurants and shops.

My goal is to live for free but would be ok with paying some out of pocket.2) I'd say I care more about the safety and transportation ability of the neighborhood. 

I would love if they'd get a stop or two.Arlington is famously the largest city in the nation without any public transportation.  

If the apt is unregulated your best bet is not to offer a new lease and/or jack the rent up.

There were no parking requirements for this project as we were within a half mile of public transport. 

Lauren is correct, renting by the room will attract lower-paid workers and your ideal property is often best suited in B-/C class neighborhoods, not necessarily within city limits but close to transportation stops.

-----------------The way I see it is that if you buy the buildings that I buy, which are under 6 Units (I only buy 2 to 4 Unit buildings) that are unregulated, you will be in EXCELLENT shape!

The NW Area of Philadelphia including Roxborough have some great markets to buy rentals (Either 1-4 Units)Some suggestions since I own in Roxborough;*Find out what you pre-qualify for with a mortgage - this will determine your buying power* Identify a real estate agent that is not just active but owns in the area (Transactional)* The property should be close to transportation (Better renter)Let me know if you have any questions.Regards,Joe Scorese

The third panelist develops work-force housing outside of the CBD area, but near public transportation centers (which is very lacking in Houston).