It used to have dive bars, music stores, 2nd hand shops, run down movie theater, craft stores, etc.  

Hi all,
My name is Jordan Spaeth. I am 23 years old and I currently live in Moorhead MN. I graduated from college last May and am a full time elementary teacher (2nd grade). I am also a full time graduate student wit...

Network like crazy and don't be afraid to dive in.  

My general idea was to start with the 50% expense in order to be conservative, and then for any interesting properties, diving deeper on the itemized expenses.New to this so would appreciate any tips!

If you are looking for a specific area in Colorado, we can dig a little deeper in specific neighborhood and opportunities.

Really ready to kind of start diving in and getting everything built up.

I will dig Deeper into credit and where I have an issue. 

I don't know how deep real estate prices could go, but if you can manage to buy at a moderate discount due to the panic now (what we're doing) I don't think values would go much deeper than your basis if you're in dealing in working class assets in cities that don't tend to appreciate or depreciate very heavily as the market cycles.

My experience is that it's street by street, so dig in deeper in some of those areas and really get to know it.One notable thing to be cognizant of is that there is a super fund (lead and arsenic contamination) in the middle of the city which is not on that map.

Then be sure to dive deep into the resources suggested by @Bonnie Jones.