Any system shocks spike energy prices, especially oil, and will give the Fed reason to be cautious about lowering rates aggressively. 

Patrice, TY for your reply, so i paid for the title report, and im pretty sure the plaintiff is the original mortgagee, $505K, back in 2002, so i  guess you call that the first position, so how would i know for sure if i bid on this house, and lets just say the winning bid is $300K, the other defendants, which are not only the homeowners, but 2 other bank entities, get nothing, and i get the house for $300K, do i need to have a lawyer look at the title report, is that what really cautious people do, i am so trying to get started, to make that first deal a success.

Slow season is a great time for midterm rentals to have more consistency in income and during the peak season be cautious before deciding to mid term rent. 

There could be some potential for development around these locations, but I would still be cautious.

While cautious I try not to let nightmare scenarios cause inaction.

Based on the numbers it seems that I need to invest around 500 k- one million, otherwise the cash flow will not be that significant.However I am a very cautious person and have no experience in USA real estate , so I will start 30-50 K and will continue to add more properties to the portfolio over 1-2 years.My main aim is to generate a net cash flow around 10% while keeping my capital safe, growing and at lest keeping up with inflation.I need to pick one city and concentrate on it and this is what I am trying to do now.

Additionally, if it's a NNN that is an A rated company, like Target, Costco, or the like, you will likely see lower, but steady, returns.In any case, be cautious.

Unless you can carry the mortgage on your own without renting just as a safe guard, I would be cautious.

I am still being really cautious about buying a STR since all my experience so far is SFR with long term tenants so I really don't want to jump too far in the deep end and sink.

I'm just thinking I would be extremely cautious and exercise extreme due diligence if I personally went that route right now.If you acquired more properties yourself, directly, are you comfortable with renovations?