If they were in bad physical shape its most likely that they were bought by investors for cash.

I'm pretty excited about how much info I learn each day absorbing the forums, articles and podcasts.I live in Staten Island and recently sold my Brooklyn 2 bedroom condo in Greenwood purchased in 2006.

I would appreciate if you could provide links to BP articles or just post below.

Like I quickly learned after college, however, you don't really know anything until you actually, physically do it, so I am anxious (but slightly nervous) to get the ball rolling here in the next month or so.I won't go into the gory details of the business plan, but my general goal is to buy and hold cash flowing SFR's over the long term.

@James Vermillion the halfiron was the most challenging race I've ever done both mentally and physically.

I have spent a few months reading the articles and posts here at BP.

RealtyTrac just published a great article today, "Top 25 Hipster Zips for Returns on Rental Properties".

Just trying to plan ahead :).Thanks, Dan Dietz I wrote a couple articles that might help about the above that pertain to conventional financing but at the end of the day it depends on what time of financing you're looking for.Conventional lenders and normal residential lenders use debt to income as a measure to qualify while commercial and portfolio lenders use debt service ratio.10 Best Practices in 1-4 Unit Investing for Agency/Conv.

I'm often in Boston so it would be interesting to check out some of their REI events.Definitely get out there and attend some meetings.Few things you can do will ultimately give you a better return for the time than going to these networking events.Be active here on the forums to build up relationships with people and read the articles on BP to learn more about different aspects of real estate.

This was a good article I read today out of the Austin Statesman.