Michael, that's a scary Forum Title at the beginning of a downturn.Australia, China, Canada, California, New York have already droppedand the big banks have recently laid of 100s of high paying mortgage jobs.With interest rates over 5% for most average SFH buyers, are you leveragedfixed at 3-4%?

Any referrals are highly appreciated Thank you.

Any other books you highly recommend? 

@Marcos A MirandaIf you're net is $150-$200 per month and you have a property that is over 500k and you bought in a high appreciation area your will likely gain more in appreciation than cash flow in the next 2-5 years.

I want to purchase properties all over the U.S. in specific areas that my wife and I calculate and predict high returns on with multi family units, apartments, duplexes, etc.

The risk you run with this model though is you would risk being over leveraged since your using 100% debt, and you would need the property to have a high cashflow amount each month to cover Capex, insurance, debt service, and your normal expenses associated with the property (property management included).

There are a lot of good deals on 2-4 units right now but one thing I would avoid is the few townhomes and Condos that have high HOA fees.

I can't speak on behalf of Detroit, but in Atlanta, the flipping business is highly competitive.

Olu,  you need to be careful.  83K per unit seems kind of high for the age of the building.  

Welcome Brandon - I have properties here in the wyoming valley.I am a native to the area.Scranton has many hoops to jump as an investor - esp. an out of the area investor.One is you'd have to hire a property manager if you do not live in the city of Scranton or within 20 miles of the city.Real estate taxes are high -that plus the current interest rate and ask prices makes cash flow an issue.You can find "deals" but please do your due diligence.Here is an example of a potential deal I am evaluating in the hill section of the city: 20 y/o, 2000 sq ft. 3b/3bath TH - Needs paint, new carpeting, and general wear and tear repairs after a 4 year tenant.