The market IS down, and there are properties that can cashflow quite well & are in decent neighborhoods.

We live in a working class neighborhood.

In reality, I don't see how you can, if expenses really are 50% of gross scheduled rents, and interest rates are above 6%.Nevertheless, there are many places, like my neighborhood, where rents are closer to 1/2% of purchase price.

For the last two years, multi-family had been in second place and office properties ranked first.

See, but what you start hearing is what type of neighborhood.

You should nerver over repair, and should only do repairs that are consistant throughout the neighborhood.

It's been a wait they are trying to get the title all cleaned up.Well today my realtor showed us a house in a great neighborhood, 2 bedroom, 1 stall garage (small 832 sq) asking $30,900 - assesed at $49,210 (foreclosure - Freddie Mac), we are going in at $22k for the house and it need about $10k to get it ready to sell but if we were to put carpet/paint in the house for $1k or so we could rent it for $550 easy and then do a lease for 6 mo's then finish it and sell it for $60k - do you think we should do it?

Link back to your site by commenting on an authority site with a high PR rank and you should get indexed fairly quickly, sometimes within hours.Peter

It's 2 houses in a not that nice neighborhood in Buffalo, N.Y.

My wife's dad is a very high ranking military officer.