The tenements are cheap, not always though, and they are not exactly in the sort of place that you or I would want to live in.The building I'm supposed to be looking at tomorrow is a 3-unit tenement, listed at $139,900 with monthly gross rents of $2,085.

Once in a while i get reports of preforeclosures on 3-4 unit properties....Some of them can be had for VERY cheap.

Cost is currently cheap out there and you can find some very good buys on preconstruction.

Those are usually people looking to wholesale houses by buying them cheap and assigning the contracts to investors.

This are the homes that you buy cheap and then rent the market.

The market you are buying in is pretty cheap.

If the windows are inefficient, I go to the local surplus store and buy new (surplus) windows dirt cheap.

No real good advice here from me but a cheap shot at realtors.

When I went to school in Maine during the winter, I rented out a beach house on the cheap ($650/month, directly on the beach, but cooooold).

There to many REO's and even if you sell for cheap price you could find a great investment.