A lot of folks are telling me this is a good article - check it out here...hope this helps!

Remember - the rent has to cover EVERYTHING: PITI and management plus your profit after you establish a cash reserve.This sounds to me like a case of what can happen when folks go out and try to do something BEFORE they learn how to do it.I'd look elsewhere unless you're willing to put forth the effort (and likely some "investment") to learn how to do short sales properly.

It's a great place to learn and meet some great folks!

In the latter (West Van), I'd say you have nothing to worry about walking neighborhoods alone; in the former (that part of East Van), I'd suggest anyone (especially new to the area) would want a second pair of eyes to "watch their back".Same likely applies to lots of different areas of "Detroit"; some are bound to be great/safe/beautiful whilst others will be more "war zone" style - can't lump it all in to the same bucket :)As far as the airport itself though, can't imagine why it'd be a problem (I can't imagine any major US airport being a problem given how much law enforcement presence there is at all of them) - having flown there myself, it's plenty safe and fine with just the usual airport stuff to watch out for (folks who aren't authorized to provide taxi services trying to solicit in terminal for example or what not else).

Love getting together with folks!

If not, it'd be best to share which city this is in so locals can chime in.If this is in SD, there are a number of active multi-family buy-and-hold folks (myself included) active on BP who I'm sure would be willing to help make it happen for you.And, to your question, your next step is to figure out how likely it is you can get it under contract - in the current market, it's common to waste time thinking about things that are off the market in no time or won't actually get under contract for whatever reason.

Outside you may be ok, but just thought I'd warn folks.  

Hi BP Folks!

You have all these folks that don't even know what to do with a lead spending money sending out this stuff ... when if they were smart they would spend that money getting a RE linense and learn the business and become a RE professional than a wanna be investor wholesaler with no money and what ever credit and money they had just went up in smoke sending out letters with no ability to follow up or keep the campaign going there is no doubt you can get business with direct mail but most don't understand its a multi year commitment and many thousands of dollars. if you just blow your wad and your done then you will be broke and done and off to your cube to work for the man LOLPS I don't send out colleague request as I don't know how to do that I only accept them.

It is good to see more folks on BP up North.