VS just being strategically selective? 

I would probably stay away... unless you can afford to buy up the whole block.There are some groups that are tackling these areas in clusters and turning "ghost towns" into viable areas by strategically bringing the entire area up at the same time through synergistic efforts of multiple investors.

Sometimes playing along with someone's psychological weakness (like that need for power) can be a strategic decision.

From this starting point I have formulate an plan to move into my first investment and here it is.Why Real Estate?

This may be a case where someone is attempting a strategic default.

This way you have more time, to do research, align funding, and strategize multiple exits if necessary.Once a RE agent gets ahold of the property, everyone and their brother will know about it because it will go on the MLS.

You need to think strategically; the desirable houses will be more centrally located when people finally realize that the credit crunch and real estate market is making a come back.3)Real estate in a down market is a long term investment.

I used the assessed value, upgrade value, value of comparables in area etc. to come up with my # of 40-45kI realize i'm gonna want my numbers to be as accurate as possible to formulate my offer.

Well.... the existing sublfoor ended up being in much worse shape than we thought and we had to remove it...So this is basically a new build from the original foundation up...In hindsight and considering all the problems we encountered and extra demo cost to "strategically demo for the Pop Top", had we just torn the ENTIRE thing down we would have saved 10's of thousands of dollars and been done about 6 months ago!

Hi everyone,We are organizing a few strategic management games in our office and we need 4 management related team names.