You didn't really say what you are trying to accomplish (ie long term buy and hold, instant cash flow, gambling on appreciation) with your real estate investing.

I can live with that but it is a gamble. 

I've found stuff on craigslist, even though that website have los of spam.

The numbers make sense somewhat now, but the big gamble is that this location will be a great target for appreciation.

In the article, "As if that were not enough corruption, Congress authorized vast amounts of TARP bailout cash taken from taxpayers to be loaned directly to the worst-run banks, those that already gambled on mortgages and lost.

(BP does tend to shake its collective head at such a "gambling" approach).Me?

@Karim Karawia, I suggest to calculate your minimum cash flow requirements:- unless it generates more cash than it costs - it's not an investment - it's gambling.

I just realized that I can't post a signature for some time to avoid spam(good measure).

Hey Marv, someone should 'coach' the coach on how NOT to spam the forum.

[please delete--I just realized someone else bumped a year old thread to post spam]