This month there are a tremendous number of units available and rents seem depressed.

From reading Schaub's two books and doing some online research, Pre-foreclosures look interesting to me, especially since FL has some of the higher foreclosure rates in the country right now.I would imagine that the depressed values, increased foreclosure rates, and slightly decreasing interest rates would allow me to negotiate the terms of financing on a few houses.

They told you this because they remember the Depression era, a time when millions of Americans lost their homes.

Granted, my objective is to better my life and it's not like I'm just purchasing the home because I can and because I enjoy excess in my life, but I can just sense a certain amount of depression when my dad comes to the realization that the home he worked so hard to build and save for is gone forever and he won't own a home for a few years while his son is - not literally, but seemingly in his mind - just buying up homes left and right.That said, as sympathetic as I am to my parents feeling, I know they want me to succeed and at my core this is a business decision to better my finances!

Nobody strives to live in a depressed neighbourhood.

This location has a large rental population and would be considered a depressed smaller town in our area.

The first two I paid cash by taking money off a low interest credit card so that payment is figured into everything).I mainly look for cash flow and don't even look at depreciation on taxes or any appreciation in value...I just consider tax benefits bonuses and don't rely on appreciation at all because it is a depressed area.

My reasoning it that you'll get a better deal and much better ROI with depressed property than something that is already occupied and ready to go.

. -- I'm leaning more towards getting into single and multi-family home rentalsWhile I'm fixing my financial situation (I have terrible credit and my student loan debt depressing), I figured I could learn all I can and be ready to hit the ground running, once my personal finances allow me to get to the point of comfortably getting out there.Since I don't have much money (or I should say I have zero money) to work with, I was thinking about using my web design and photography skills to build relationships with others that are currently in my area doing what I want to do.

So, I took a pretty involved short sale training class/certification (Certified Depressed Property Expert).