I work with a guy who rents on the street I was looking to buy in for 1800 a month(1700 sq/ft house).Home prices range from 140-160 and I found a good number for sale online right at 150k with closing costs paid for by builder.So doing the numbers:150k25% down = 38,750k116,250 loan at 4% = 555 P&I/6,660 yearlyTaxes = 274 monthly (based off 80% value, taxes are 2.65% in this area)/ 3288 yearlyInsurance = 67 monthly/ 804 yearlyMonthly rents: 1800NOI: 10,800Debt Services: 6,660Income: 4,140 monthly or 345 monthly.

My issue is simply an online app pulldown issue.

We do our own work, and the houses are here.There are places online that do this.

I was doing some online surfing looking for a legit website offering online auctions on foreclosed and tax lien properties and it got me thinking; what websites are some of you using to locate worthwhile properties in your area?

I found the forums lacking on evaluating growth investments alone (perhaps this is more about "investing" than speculation).Please also let me know how to get my basics down on RE investing - references to books, CDs, online tutorials, whatever you think might help.

I'll take a crack at it anyway1) Find who owns the property, often property records are online.

Couple this with only 3.5% down and a 3.5% interest rate, you can't really beat it.Anyways, in my initial search for FHA financing, I found it difficult to find an up-to-date accurate source for FHA information online.

I called VRM about 10 months ago, i was notified that the program was suspended....but due to be back online soon.

Then I'm usually back home to finish some administrative details, exercise in between and then off to city hall or county recorder's office (only one, the WORST one in customer service, isn't online - the other 3 that I use are all online).

Everytime I get a new home or tenant I just add it to the system and the tenant pays on line and it goes straight to my bank account.