Here's another article about the January 2016 sales in Memphis.For what it's worth, I just spent the day (Wed 2/10/16) driving around town looking at Class A and B properties with a CA hedge fund and was shocked by the lack of available inventory for sale.

One way I am planning to find properties is writing down addresses of abandoned homes I see while driving around (I already have a few that I have my eye on).

Mersades,You can also drive for dollars.

What't REALLY driving your thoughts?

Most investors don't realize how much it can cost for labor shortage labor driving wages up, LNI (our is around $5 per hour for framers), workers comp, FUTA, SUI, FICA, etc.

Spreadsheet I am using to analyze my properties(The Spreadsheet is protected so copy paste into your Google drive.

So the initial capital we have now in my eyes and opinion is very important and I want to make sure we invest it with the right things in mind, right strategy, and in a way that is sustainable throughout future real estate investments.- Market = looking for single family homes, 3/2s or 2/1s in try he Philadelphia area since it is relatively close and away from the high NJ taxes.  

I drive for a linen company but the hours are long and the pay isn't something I can bank my future on.I look forward to learning from you all and hopefully I will be able to contribute the longer in the future thanks

This is good news for the SFR portfolio owner, as competition for borrowers, should drive better loan offerings. 

Drive around and find anyone building in the area, stop and ask if they need more building lots and how much they would give for one describe your lot dont give address if it still seems like a good deal and builders will pay more then you can buy buy it for then go for it!