I know it depends, of course, but in my county in AL (Lee County, with Auburn University), it's not uncommon to be able to pick up a property for just a few thousand dollars. 

If you are counting on a downturn of folks entering a city, this probably isn't it, but given folks are staying put, I'm not surprised of the very temporary drop in new leases.If these cities start to lose their vibrancy, their arts, their social constructs, become too high on crime in a widespread manner, et al, you may see the "exodus" that some folks are decrying.

And here's your daily dose of political populism from Alabama.

Originally posted by Al Ber:Originally posted by Tim Wieneke:Originally posted by Eliott Grigg:We may be next!

I was an insurance broker and worked with Metropolitan and Prudential when A L Williams came on the scene with this.

After al my expenses are paid I will have a positive cashflow of $200, is this too low?

I also like Auburn/Opelika Alabama.

My situation is that I have 30 homes in Birmingham, AL with roughly 2 million in equity and would just like a 400k line of credit or something in this realm.

As i am doing my research, it seems that investing out of state in cities such as memphis, indy, alabama, ohio to name a few, this seems to be a good starting point for a newbie investor. 

Quote from @Kareem Al-mufti: Quote from @Joshua Janus: Quote from @Alex Ng: How can I find distressed properties to flip?