Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookYou might consider Niche or Specialized Housing like student housing.

I prefer to buy distressed properties, fix them up and hold.

Just make sure the total cash flow increases after investing the refinanced money.Property 1 was cashflowing +250, after refinancing starts losing 50 a month, if the new property cash flows +500, your new total cash flow is now +400, almost double than before, I would do this any time.Also, its preferable that you buy properties that cash flow or at least break even with 100% financing, that is now one of my parameters on my investments, it forces you to be patient and wait for the best deal possible, it makes the investment safer even if something goes wrong.

Strangely enough, I love my job and it pays the bills (barely) but I've come to realize that it's not going to make me wealthy.So I'm looking to learn a lot (more) from this site to discover what my niche might be in REI (wholesaling, rehab/flipping, buy & hold, etc) with my current limited resources.

Start checking out the site, begin with the basics in RE and then to the niche strategies.

Preferably I was looking in middle class areas but seems like every thing is over priced or sold by now.

@Gerald Harris I definitely would say running a comps search in MLS (preferably 9 months back) would give you "real" cash buyers to call on.

I'd much prefer if The Millionaire Next Door was the top recommended book - its written by a statistician and is backed up by real data.

Look around this site and read the main blog articles, listen to the Podcasts (Both under the "Learn" tab at the top of the screen) and be active in the forums and you will be able to get a pretty quick education on whatever niche you want to get into.It is also good to get out and meet other local investors at some of the many investor events we have throughout the month.

Scott The Book on Flipping Houses,The Book on Estimating ReHab Costshttp://www.biggerpockets.com/flippingbookConsider checking out HUD homes for small multi's owner occupied gets first crack.You might consider Niche or Specialized Housing like student housing.