I don't know the city as well but that same $50k as a 20% down payment could probably buy you a duplex or triplex in decent parts of Delco- Ridley, Springfield, Etc.

.  ;-)Move to my town (SW Missouri, pop. 160,000) and two full time Wal-Mart entry-level folks making $11/hour can spend about 25% of their monthly income to purchase a 3-bed, 2-bath, 2-car garage house built within the last 10 years in a nice neighborhood.If you don't believe me:  zillow.com/homedetails/1660-N-Marlan-Ave-Springfield-MO-65803/126248755_zpid/30 year mortgage of $129,000, 0% down, 5.5% APR. 

My Daughter is moving to Springfield IllinoisAnd looking to renovate her new home.

I recently published the book, “Broke to A Quarter Million” on Amazon and am getting some of the same responses from investors and people who have yet to invest.The main concern I want to address is that yes I built this strategy around depressed cities and I used Fall River Massachusetts as it is where I grew up.There are many other cities around the country where the “Broke to a Quarter Million” strategy works all across the country for example:Massachusetts has: Fall River, New Bedford, Taunton, Brockton, North Attleboro, Worcester, Springfield, Holyoke, Lowell, Lynn Lawrence, Chelsea, BostonRhode Island has: Pawtucket, Central Falls, Woonsocket, ProvidenceConnecticut has: Hartford, New Haven, Bridgeport, Waterbury, Danbury, New London, New Milford, Westbrook CenterNew York has: New York, Monticello, Hempstead, Newburgh, Poughkeepsie, Mount Vernon, Liberty, Beacon, Mechanicstown, Spring ValleyI would say that instead of say this doesn’t work in my city.

It would allow you to get some rental income, use a smaller down payment and get started in real estate.You can find SFHs with those for $450-600k retail in Springfield, Burke, and residential parts of Fairfax.

Springfield, Missouri was generally like that.

Stay away from Lawrence, Brockton, Fall River, and Lynn - I would only do the following communities in the BEST PARTS or sections - Lowell, Chelsea, Worcester, Springfield and stay out of the sketchy parts of Boston.I think anything East of Worcester might be decent, but I don't know Western MA well at all so anyone else that has input, please share

The last quick draw in Springfield, Mo. was Wyatt Earp on the town square after a polker game where he re-acquired his watch.

Welcome Eric, from Springfield, heart of the ozarks.

Anxious and nervous newbie in Springfield area would LOVE to have a cup of coffee with someone doing the MH investing.