Most banks want the properties off the books so they want a price that's going to result in a quick sale.

Your area is a top emerging market.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

In this particular case it would have made sense though.To refresh my memory on the charges I did a quick mock up at the USPS and the charge was outlandish to buy a book of 10 stamps for $4.60 at $1.25.However to buy 4,500 it was only $1.75 so negligible if you are buying a ton like I was talking about.

BP has a book on flipping houses you might find interesting: http://get.biggerpockets.com/flippingbook/

I find that most people prefer all electric in my market "mild winters".I personally prefer gas, but will swap it for electric if it's the last piece of gas equipment.Some people are intimidated by cooking on gas stoves, and others just dislike having another bill to worry with.

BTW I really enjoyed the book...

Here are some books you might want to check out:http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/

Consider Lowell as an opportunity.Check out the Start Here page http://www.biggerpockets.com/starthereCheck out BiggerPockets Ultimate Beginner's Guide - A fantastic free book that walks through many of the key topics of real estate investing.Check out the free BiggerPockets Podcast - A weekly podcast with interviews and a ton of great advice.

You can check the blogs, podcasts, and the free books here!

Here's a list of some good books that you might benefit from as you continue to educate yourself and get going:http://www.biggerpockets.com/renewsblog/2013/04/14/best-real-estate-books/