Buying properties in bad areas?

Stay away from the bad areas-haha-and screen your tenants extra well.

You won't find much in the sub $100K space unless you don't mind 50ies or 60ies shack that needs everything and is located in a bad area.Why do you oppose to mortgages?

Those goals are important, and you shouldn't put yourself into a BAD deal, just to get into a deal - but - I feel very much like I'd rather get in with relatively poor CCR, just so I can start the train moving down the tracks.  

I find that out of state investors from desert areas like Nevada, Cali, Texas, etc have no clue how bad the basement foundation walls in an old house like this can be.The good news is that a bad basement can be fixed but the repair cost can vary widely from cheap to multiple tens of thousands of dollars so having the right inspector on your team is critical!

Is it just me, seems that the only thing people have done is say how impossible or how bad all the what if’s are with this business model.

After 12 to 24 months, these new residents will be looking to buy, and that is the point at which the mid-range housing market will feel the most pressure.For real estate investors, this news means that it might not be a bad idea to invest in multi-family units, as well as holding onto any fix and flip homes as rentals for a couple of years to see what happens to the prices in their investment neighborhood.

sell those units and work your way up.Do not count on anything happening, good or bad. 

My point is you can be creative on deals to your advantage and hash out better terms skewed in your favor if he will go for it  and wants to sell bad enough . 

Don't throw good money after bad.