The place needed mostly cosmetic work but was a cute house in a nice neighborhood with a great yard.

Might be worht looking into, although i have no personal experience in any of these places-The report is by The Case-Shiller index which is considered by many to be the best gauge of national and metro real estate values.The biggest home price declines are in the Rust Belt, while prices are holding up in the Pacific Northwest and in areas of the south.Here are the 20 cities ranked from worst to best appreciation:Detroit, down 9.7%Tampa, Fla., down 8.8%San Diego, down 7.8%Phoenix, down 7.3%Washington, down 7.2%Miami, down 6.4%Las Vegas, down 6.1%Los Angeles, down 4.8%San Francisco, down 4.1%New York, down 3.8%Cleveland, down 3.6%Minneapolis, down 3.4%Boston, down 3.4%Denver, down 0.7%Chicago, down 0.9%Dallas, up 0.7%Atlanta, up 1.2%Portland, Ore., up 3.8%Charlotte, N.C., up 6%Seattle, up 6.9%

Some of the questions, like "how much do homes in the neighborhood go for" could be found out by you.

Be tough to do 30 rehabs at once.That sort of sounds like neighborhood revitalization, unless there are just individual properties spread out in otherwise nice neighborhoods.

Jon a couple of months ago I ran into a short in a 180K neighborhood. 2 plasm televisions, surround sound in the main area, Jag in the garage, no carpet on the floor in the livingroom just OSB.Some peoples priorities are just out of line.

Sometimes you can find solid values close to the higher ranking high schools in your area, (per academics).

It varies from neighborhood to neighborhood, so you really need to know the details of where you're working.What are house prices like?

I am hoping to find the classic “worst house in the best neighborhood.”

Jeffrey, with a variance, the city will make you go through a neighborhood hearing.

I’m aware that being an agent AND an investor might sometimes become a negative thing, but my hopes were that I could make money to buy my own properties and learn more about the industry all at the same time.Although I love every aspect of RE investment (flippers, foreclosures, etc), my long term goal is to own rental properties, (as many as humanly possible :D ), and considering prices in the Boston neighborhoods that I’m interested in, I’m guessing that I’ll need at least $50,000 before I can buy my first property.