This is an article from Bloomberg that discusses the Unlikely Cities that Will Power US Economy  Could these Cities be the Next Place to Buy your Multifamily Units?

I have now convinced myself that I do in fact need to run my business like a business and hire someone that can do the things that I lack will power or knowledge to do myself.

So today i was up on Zillow and saw that my next door neighbor was in pre-foreclosure, so gather all my will power and i went over, knocked on the door and say and basically said hey i want to buy your house for a low price. so we talked and he's willing to sell me his house for what left on his loan. which he says its about 25K.

Take care of your tenants because they are the engine that will power your money machine.

I know that potentially buying the vacant home from the city is an option; however, I don't have the cash or the will power at this point to try and figure out how to buy a condemned home, fix it up and turn it around.The property I have under contract is in great shape for the area that it is in and having assumed that there wasn't a vacant property next door I estimate it would have rented for above average market rent.Here are some of the deal numbers to help give some more context.Purchase price: $70k20% down at 5.25%Only upfront cost put into property would be a couple of appliances (~$500)All-in for ~18k estimating $3.5k closing costsReasonable estimated rent: $850/mo (under circumstances of normal home next door)Cash on Cash ROI: 8.7%Cashflow + Paydown ROI: 13%Any advice, comments, constructive criticisms would be appreciated and helpful.

Anything is possible, but it will require more will power than you have ever expended in your entire life.

I just had the will power to fight the negativity.

Most programs out there give you ample opportunity to simply cheat on quizzes/exams to pass their courses very fast.The Real Estate Exam is not very hard and I really think I could have come very close to passing it without any study work and simply using common sense, educated guessing, but there is a lot you simply will not even know anything about without proper studying.If you are self motivated, not very social or care to be, and know you will learn in-depth and want the freedom of being able to do it on your own time then take it online.If you like interaction, and doubt your will power to really study something on your own and not cut corners simply to achieve the end piece of paper result then take classes.I live in Texas though, so we are only one of a few states that seems to actually require any real amount of education to recieve a license.

creditors want to see that you are able to utilize credit and pay it back. it takes discipline to do (but mostly willpower). lets use your 7-10% numbers. say you have a 5000 credit card. that would mean that you can't use more than $350-$500. that is just not logical. to even go out and buy some decent furniture (lets say $1500) you would need a $15,000-21,500 limit. the numbers don't make sense and show no discipline to actually utilize and pay back a fair amount of borrowed money. and to even get those types of limits you have to have a pretty decent score (which is what the goal of playing the whole utilization game).

I won't give up, it will just take "creativity" will power, and lots of COFFEE!