u say you're new to it, but you own a duplex already...combined with your previous experiences - you're probably a lot more ahead of the game than you think.the 20% cash on cash return combined with the 90% LTV and out of state rentals you're considering - the chances for the 20% return will be very tough.let us know how it comes along.as far as places - i don't see anyone jumping up to shout a place to invest in - it depends on what you're looking for.i have a friend who's nuts over Rochester New York.

It seems that tax liens aren't as fruitful as many have made them sound.

Pricing isn't nearly as nuts to the east as it is out there.

This sounds nuts to me.

I like the strategy you're using, getting into properties with such little $$ down can be very fruitful if you plan properly!

Please feel free to read my profile as it quickly tells a little about me.In a nut shell, as I say in the subject line, I am a newbie from NYC and I have had a profound interest in RE for quite a long time now.

The low hanging fruit is gone.Second problem, I can't find these types of homes with much of a discount.

Actually, I think the seller is nuts to go 30 years, but it might be set aside for great grandkids, who knows.

@Patrick D. ...yes, I'm planning to ramp up the real estate...my 9-5 job is good income, however I hate waiting 2 weeks for a paycheck...drives me nuts.

Harvest the low hanging fruit first!