To my delight, all 10 nearly doubled in value and I 1031 exchanged them for apartment complexes in NE Ohio in Mike's neck of the woods and went from $50,000 cash flow to the current $160,000 cash flow per year.Swanny

For some background, this tenant was a real pain in the neck inherited tenant and we were glad to see them go, and gave them a full return of their deposit just to get them out without troubles.

It may be too hectic for some, but allows for profit taking at times when financial markets and circumstances are causing " bottle-necks ".

Welcome to BP, I'm sorry I can't you out in your neck of the woods.

You can find 5+ units for as low as $300k in my neck of the woods.

It doesn't in many cases and in fact can be a large anchor around your neck fixing to drown you in debt.Whether you put money down or not the property has to make sense and be a deal.

The problem is that my wife is the neck and she tells the head which way to go!

It was also a much more affordable approach to getting educated as well.I also think you have to enjoy what you are doing and be excited about doing real estate deals and everything that goes along with it or it's probably going to be a pain in the neck for you if you're not.

The REO's in my neck of the woods are always handled by a few different brokers.

Also, being willing to take on distressed properties and muscle out the rehab will help you filter out some of the competition from the hedge-fund investors who are willing to pay top dollar (typically above asking price) for rent-ready properties in these markets.Rents are growing at 8% or more YOY in these markets.