You can also be in the spec biz and buy a property (land for instance) which produces no cash flow, thus a loss each year for ten years and then sell for a profit then.

There's always someone that will try and make money screwing people, thankfully they are in the minority.Without doubt, there are some horrendous neighborhoods in Youngstown, as many of our cities are also plagued with, but the surrounding areas, Austintown, Boardman, Poland and Canfield, to name only four, are now producing some very attractive deals.

I am a producer and DJ, what is your focus in the industry?

Staying in your business or at home most of the time produces little results.5.

And if they drop another 20-30% it will create a reverse bubble on housing that will produce some excellent cash flow rentals and very low mortgage payments.

Theres no rule that "3" is going to produce anything other than quality.Keep looking!

TLC is producing a show "Flippers in Trouble" it will follow flippers as they to buy REO's in California , rehab and try (unsucessfully) to resell.

Apply the 50% rule, and you'll see that a higher priced property with correspondingly higher rent will produce the same $100/month at a lower percentage.Very tough to find one that will produce $700/month in real cash flow after realistic expenses.

I want a "farm" that keeps producing not a brokerage where I have to keep chasing deals.

This way you are walking into a property that is producing enough income off the abt to pay the interest on the HML while you seek out permenent financing.