Remember you don't have to own a property to control it.

You cant really control the way people live.

The replies provide so much information and motivation from experienced members.Best of luck on your REI ventures!!!

Aloha Daryl - investing in real estate is definitely a worthwhile venture, especially in Hawaii where the price points can make one deal the equivalent of multiple deals on some mainland markets.I want to give you some friendly and constructive advice.

I should also add at this point, this would be a joint venture between my brother and myself.

Your next best bet to find something cheap is the North End which is about 3 Miles North of Downtown, but off Woodward and Oakland Aves, or maybe the east Jefferson Area.Also, if your Spanish is pretty solid, and can handle dealing with people without a verifiable job, or immigration papers, SW Detroit, in Mexican Village could be an option.In all these places I mentioned you better be ready to dig in hard on a renovation, and take control of the property.

Wishing everyone success on their real estate ventures!

I am venturing into the real estate wholesaling business, wondering if any of you guys are doing wholesaling. 

Hey BP,I am looking to roll my Simple IRA into a SDIRA so I can have control over this money and invest in real estate.

You know until you actual rent out a room, a unit or such you have ventured into RE investing, but you have become a real estate owner.What neighborhood is your new place?