If you have little net worth, you're least likely to be a target for a lawsuit above the amount of insurance you carry. 

Emails are valuable if your database is targeted.

Matt Heerwald If your target market is going to be military personnel at Randolph AFB or Ft Sam, you'll likely need to increase your price range, in my opinion.

But I would really like starting the research to determine an area(s) to target...Thanks,Keni

You can also use Distressedpro.com to narrow down your targets bank by evaluating which banks have higher reserves and default rates, but I often find myself (and others) spending too much time looking at numbers and reports instead of taking action with the shotgun approach.5).  

So, take a look at yourself and see where your own mindset is and don't try to invest in an area where you can't really identify with your target buyer/renter.

I've targeted to save about 50k in cash by mid year.Ok now that the background is out of the way here comes the question.

It is easy to penny wise and pound foolish when chasing the last dollar, which is always the most expense one.   

If you target his passions and help him see how they are possible then maybe he'll be more receptive.

The only properties you can expect to find in Miami for under 150k are either condos (in which case you have to deal with HOAs and associations), townhomes (again, HOAs), or SFR in D or F neighborhoods (warzones).Honestly, in B and C neighborhoods that most would target for solid rentals with likely appreciation, the land value alone will be close to that budget.