thats the best bet to get a good deal.

Also, I am not physically in the area and there are no REI clubs there...it's a smaller town.

I haven't physically looked at this property yet (I've seen pics of the outside), and am waiting on the expense/income report from the owner.

Would the bank owned auction be your best bet to find a deal that is under market value?

I am betting that they put renters in the house.

I have no data to back up my opinion), I'll bet you would find that many who have made their fortunes in RE made it from appreciation, not cash flow.I'd love to hear thoughts on this and hopefully I qualified my comments enough to indicate that I don't believe on betting strictly on appreciation, especially if you can't support the property that you are buying with your reserves.

I've read plenty of books and been on countless REI websites, but a recent epiphany has finally gotten me to take some action and this post marks my first physical baby step towards becoming an investor.

take control of your day and what you do physically and your mind has no choice but to follow.

But I'm betting that I will be able to find so many more good deals then and I always try to be a contrarian and do what others aren't.Point is, learn all you can about both and you will be a truly well rounded investor who is positioned to take maximum advantage of either market at any given time for the best potential profits.

YOU BET!