I would first look to improve my credit, even if I had to use some of that 8K to do it.Good credit is an essential part of my strategy and probably most other's, too.

You can buy fixer uppers and add value by improving the property.

Interesting question.Deja vu all over again.I've been in Phoenix for 25 years, primarily in commercial real estate; although, I have served as a receiver for raw land, improved lots, and tract homes in Phoenix and Prescott.

But, after the first home, I've always won them over by doing good work and improving the neighborhood.

However (unless i change tactics) ill only be buying properties every 2-3 years as thats how long it should take US (me and my tenants) to pay the latest purchase off.Im open to suggestion for improvement.

The market in Dayton is still loaded with properties in need of repair but the economy seems to be improving.

Specifically for the purpose of acquiring, improving, and renting out property in what we would consider Class C/D areas?

They most often also have similar views and values on the assets due to their lack of involvement with the specific geography and ideas about repairs and improvements.

I imagine a lot has changed since you were on the site several years ago, it seems like there is something new and improved every day.

I recommend finding some properties that provide a taxable income.Your personal mortgage interest should still be deductible provided it was used to acquire or substantially improve your property.Those losses you cannot deduct are called "Passive activity losses"(PAL).