Also, the big six, who hold most of the NPN going through foreclosure have a watchful eye on their standing REO inventory and take care not to create an excess in their inventory by slowing dripping the foreclosures into the market place and turning them into REO at their pace, not the desired pace of street level investors.

You could trace it all to Prop 13 as far as when Cali values started to climb at a much faster pace then the rest.

We also have a little higher turn around rate (a double edged sword) but we believe this allows us to better keep pace with the market, minimizes potential for damage, and demands that we be efficient in our management (a good discipline for the future).Any more thoughts?

I would raise their rent some each year regardless but would always go back and run the numbers (inflation, mortgage note, water bill, taxes, security light, maintenance, etc.) and make sure the numbers work to positive cash flow.the last thing you want to do is to not raise the rent for 3 years and then get a bump up on your water bill or taxes and then have to raise the rent all in one shot.easier to do it gradually over the years keeping pace with inflation and expenses.Brad McLeod

My situation is the school that i will be enrolling into (100% free due to the military) has a program that they offer since the military will only pay for ONE certificate, i can take their property management and small business management course first (an 18 week course but it's self paced and they told me people usually finish in 2 1/2 mths) then they will waive the course fee for the real estate sales (since military won't pay for property management and real estate sales certificates) and i can take it after i complete the PM and small bus. course.

I feel like that is a good place to start...It seems fast paced once you find a deal, which is right up my alley.

So, even if we see continued declines over the next 12 months, its a dollar cost averaging situation as far as I'm concerned.Not to mention, I'm seeing a slower pace of REOs coming on the market than a year ago.

You're right, determination, and a slow focused pace gets you where you want to be.With land I never realized any big profits until about 8 years into it.

Its online so i go at my own pace.

You won't get much rent for a 2/1, though rent prices are increasing at a good pace over there now.