Hi @Tony KuI get a few REO's in my inbox every week and most of the time, they're in areas I personally wouldn't invest in (not near centers of economic development/growth, etc)."

To see our growth, you can check out a few of my past forum posts from different months:56 Members: http://www.biggerpockets.com/forums/223/topics/161...165 Members: http://www.biggerpockets.com/forums/223/topics/185...197 Members: http://www.biggerpockets.com/forums/223/topics/191...247 Members: http://www.biggerpockets.com/forums/223/topics/204...We've had 6 different BP-related virtual speakers as guests and our members are now working with at least 5 BP professionals (maybe more!) 

I think it's a good idea for every investor to get very familiar with what it takes to do the rehab tasks well.  

As an investor, that taxed money is vital to continued growth and I would obviously like to hold on to as much as possible.

I live in Rio de Janeiro and for more than 30 years i follow the economic issues and growth.

@Dean HulsingOnce you understand the environment in which the business operates (local tenant population, average rents, physical and economic vacancy rates, the growth / decline of the local economy, the risk of the local economy (i.e. does most of the tenant population work for a single (cyclical, declining, growing) employer)), then you can compare the business (property) to its peers and evaluate its shortcomings and potential.After the above, you should be able to put a value on the business and, if it looks to be a profitable, long term venture, issue a Letter of Intent (LOI) with your offer and deal framework,  If accepted, you then dig-in and conduct the formal diligence.

It sounds like your first task is to search the forums.

Instead, the county council is restricting rural growth (unless you're a Master Builder campaign contributor) and channeling it into the western urban county.Seller situations vary, too: The seller of the low-priced comp home may have had very motivated sellers who accepted a lowball offer. 

Second, we can continue to grow the PM business as an additional income stream.

That all being said, buy and hold properties provide equity value to your portfolio and long-term growth of your business enterprise.