The town probably has a population of 5k-7k and it's in rural PA but close enough to a 20k population town that suspect is where most of the residents work at.I feel like the media is trying to help kick start people into thinking the housing market is at it's bottom to get people buying again but the stats I get from my local Realtor on absorbtion rates, DOM, and prices says it's not near over yet.We also haven't seen the mass majority of the option arms begin to reset yet, that's another 2 years away until that wave gets here.

The truth is that the vast majority of newbies that "Just Do It" fail in a relatively short period of time.

The major difference between flipping and rentals is this:Flipping will make you rich if done correctly, rentals will make you wealthy if done correctly.

Looking for a experience broker who can help me close deals and pull out major equity!.

No major repairs at all 25-45 day project at most the bldg. is not occupied but is not in disrepair.

Slum landlord let the building fall apart, city stepped in and forced him to fix building and sell off his majority share of units.

I am also about 500 meters from what they call the new "downtown" and investments overall have been exploding in my direct area (keep in mind this is a city of about 375 000 souls so it's definitely not NYC type of downtown but it's still a MAJOR change compared to what has happened in the last 20 years or so) I am curious as to what all these changes will bring me in terms of property appreciation?

Now with free annual credit reports from the 3 major agencies, it is a no-brainer.

Call the planning department and just ask.

Expenses should always be calculated at 50%, remember maybe this year they will be lower but at a point you'll need to change major items like roof furnace a/c etc etc etc If you buy a house for 100k it needs to pay 2k in rents every month, simple as that.Let's say you have 100k in cash, you use 60k to buy a house that is really worth 100k and it rents for 1200$ (2% of 60k) and cashflows 150$ a month, your net worth has just jumped to 140k, your monthly income has just increased by 1800$/year.