They read some posts, maybe listen to an audiobook, and tell all their "friends" on Call of Duty that they will be the next Grand Cardone.

Or are you planning to rent out rooms?

Purchase price: $15,000 Cash invested: $15,000 Sale price: $5,000Motivated Seller- 3 Lots total: (1) Commercial Building, (2) 1 Bed room Rental houses, plus an extra lot.What made you interested in investing in this type of deal?

However, I have no idea how to choose from the remaining cities, it seems there are a lot of potential options:- Midwest - Michigan (ie: Grand Rapids) seems to have options, also seeing Columbus Ohio and Indianapolis coming up- Reno - I've seen mentioned several times on here- Pittsburgh / Philadelphia / Twin Cities - All mentioned as lower cost to get started, and seem to be experiencing growthI'd ideally like to find a place that has strong potential for future growth, a diversified economy, and I don't mind living in (being close to nature would be a plus). 

We have 3 properties and 16 rooms under management at the moment. 

At this point I'm not factor in any vacancy because I have more leads on this property than I have rooms.

  $150,000 is not a lot of money in the grand scheme of Real Estate investing. 

You could also just do a rent-by-the-room for max cash flow.

Get the biggest house you can afford and rent the other rooms out to military with BAH.1.  

I did see it and scheduled the sprinkler installation but heard they are now requiring additional improvements that weren't originally discussed like multiple egresses, changes to pool room doors etc.