That, in turn, helps to support our economy.Those of us who are old enough may recall the hysteria caused by a huge wave of Japanese investment.

You also need to take into account if your competition is waving the security deposit for qualified applicants,charging a pet fee or not,paying for any water,sewer,trash for the tenant included in the rent,including appliances,or giving a rent credit on move in, and many other factors.Rent rates can look good until you see how many landlords you are competing with,quality of the product,and incentives given driving down the net rent before debt service and depreciation.

There seems to be another wave of foreclosures coming but I guess the wildcard is whether the government/banks finally decide to do something real with the mortgage modifications.

But, I did see a hoodlum waving a pistol around in the street.

About 80 percent of the time the property looked good in the picture but when you got there in a matter of a few days to a week the place was trashed.You have to remember for the small commission the REO brokers are making on these it is "cash for trash".Small lots,old houses,very high taxes,and aging city sewer system that is falling apart.Many of these houses the foundation does waves,electrical and plumbing is stripped,mold,etc.Smart local investors are buying outside Atlanta in the surrounding counties where they spend a little more but nicer areas and higher rents and lower property taxes.

It will cause a new wave of foreclosures in the Investment property market.

Has anyone here used Wave Accounting (http://www.waveaccounting.com) instead of quickbooks online?

A lot more short sales than REOs now.However I know that a huge amount of homeowners are still underwater here, so I think there will be another wave.

You need to try to determine which way the gentrification is moving and jump in ahead of the wave.

I think the trends that I read in finance blogs that the next wave of purchases from investors will be towards markets that didn't see a bump the past 2 years.