Good idea, thank you.

Just make sure you do your research on each property (of course) and have a good idea of what you are looking for (side of town, ranch, 3+ bedroom, etc...) 

Ideas?

I'd love to maybe listen to some of your cool experiences and maybe share some ideas.

I was listening to the BP podcast #167 with Kevin Wood, he mentioned he used a designer to give him ideas on a property.

Pretty typical seller at 10%, your idea of 3 to 4 % is actually more in line with the actual value of that option, at that price range, over that term (1 to 2 years), and you sure aren't buying any cash flow!

If you're still deciding on what interests you in particular in real estate the podcasts are a great way to get an idea of what's out there and all the various ways people have found to make a living in real estate

I have been checking rents on Craig's list to get an idea and have asked a local realtor as well to get his opinion.

It appraised for 1.2 Million 2 years ago, the location is perfect for a hotel, ANY IDEAS WOULD BE WELCOMED????????

I'm beginning to think long-term about what I want to do with the property though and someone mentioned to me the idea of converting it into condos.