Other areas which are not viewed as destination areas are the ones who are experiencing some of the deeper price plunges.

- I can dig more deeper and look for potential tax benefit, appreciation and equity buildup benefits, but at the end of the day it is –ve cashflow.

I heard from a friend last night that he was required to put down almost $8,000 in earnest money on a home he was putting an offer on, and decided to dig a little deeper.

Or, there is a fundamental neglect, that can point out deeper problems. rotten wood, roof that is falling apart, rusted pipes, etc.

Other OPEX (operating expenses) to consider - cost of oil.Property and neighborhood type (A, B, C, D, F)I like the deal well enough that it is worth digging a little deeper on the due dilligence.

Most broker's just don't understand or want to delve into the world of creative investing.

Sounds like some people use this as a tactic to try and string out the seller and renegotiate later for a deeper discount.

You would need a P&I payment of $400 at a minimum to have it be worth diving into the numbers any deeper. 

Bill Gulley,Thanks, I'd really like to dig a little deeper too so that sounds great.

I don't know the market that well, so I might be wrong.So based on that I thought we should buy a single family home for a year or so, buy another and rent out the first, etc.My problem is that some of the rules I can use to screen properties before I get into a deeper research seem difficult.