There are plenty of properties here that easily pass the classic 1% rule.

. ;)  I'm your classic newbie learning the ropes and trying to figure out how to tackle this real estate investing thing. 

LOCATION: Rockfish/Jack Britt areas of Fayetteville (Seventy-First Classical & Jack Britt high school districts)SIZE: Generally 3/2; 12,000-2,000 SFPRICE: $90k INCLUDING closing costs and rehab (be prepared to make low offers!)

I am reading his classic, "How I Turned $1000 into $5M in My Spare Time" book right now.

I'm gathering my data from local sources, being the Commercial Recorder and the classics (county probate records).  

Great Anthony - thanks for your thoughts.Meanwhile, this classic scene from The Goonies articulates my point.

I think it was great what the cops did and the bait car has got to be a classic... when you hear those kids on the videos you know what we are up against with those that have no respect for authority or the laws of the land.The Washington DC sting was classic.. you had all these bail jumpers lining up for their Redskins tickets cops would check their ID's tell them they are in just go through the door in the back and get your free tickets .. and the cops just arrested them on the spot and took them to the paddy wagon...

classic example of not being able to close on a deal in the first place.. is it legal in IL to sell property you don't own without being a RE agent. 

I once pulled up a person that was a on a site for classic cars that posted a request for parts along with his phone number.  

Classic film.