I agree with Ryan,I deal in lower income areas and my cream of the crop are 2/1.. mostly single mothers, 1 or 2 kids, the 2/1 work perfect.

Some of the people contributing know what they are talking about but the issue with professional services is that you need to know all of the facts before an opinion can be provided.

My opinion, just about every property "can" be a good deal... you just have to accept that "good" is entirely relative to the property.Because of location it may take longer to rent, attract a lower quality tenant, have a more transient population, demand lower rent... etc.As long as you've taken all those things into account and STILL have a good price, why wouldn't you buy it?

Short sales can be a very tricky transaction if you are new.It's hard to distill all of the nuances of a short sale transaction into a forum post, but it all boils down to the BPO (Broker Price Opinion).

:D I'm interested in hearing what others have to say, but my opinion is that you have an obligation to pay it.

As far as getting rich, if that is what an investor is after and wants to do it quick, that is the first red flag that this investor is not right for my company.These new investors in my opinion would be better off handing the money over to a seasoned investor who will purchase properly and give them the returns wanted WITHOUT the headache of land lording or overpaying.REPLY FROM ME:This is exactly how some of the best passive investment companies in the country started!!

Just speaking to others with expertise means you'll probably get different opinions, which is good.

Just sounds like an AM trying to meet their monthly numbers, so they can have their ice cream party or whatever they get for closing X amount of deals.

Just my opinion.

(Personal opinion only as I'm not an attorney disclosure here!)