Put another way, higher risk usually demands higher reward.You can take a peek at my profile to see where I'm invested, but I've been analyzing properties on the market for a while, and here's what I've observed, in general:-Lower income properties generally produce higher ROI, but come with a higher risk of damage/repairs.

These units in another market with a moderately healthy economy would go for much more than what I can get. 

I want to learn as much as I can about making smart investment decisions and gathering cash producing assets.

We want wealth…There are 3 items on the list: 1.Forced appreciation2.Income-producing property3.Land-locked markets in which due to fundamentals growth outpaces investingI don’t know any other ways to create wealth, which is to say to increase my buying power.

But you need to get in contact with the bank and their attorneys to determine the past due amount to halt the foreclosure and the payoff amount so that you now know exactly what you need to gain control of the foreclosure.You need a signed Option or Purchase agreement as well and I would definitely be looking to wholesale by contacting some Top Producing agents in the area and seeing what retail buyers they have looking in that area who would be interested in buying a nice home As/Is/.If not with an agent you could also blast or co-wholesale to the investors in your area!

"Birds of feather, flock together".healthy skepticism can be a form of due diligence

Get your real estate license and go to work fir a top producing agent as a licensed assistant so you can kearn the ropes and get paid while you learn.

I have already asked my family to make sacrifices in the budget arena, which is healthy, but I will never put my family into a positin where they may be in danger, regardless of the money to be made.

With such low rent to value ratios it is hard to get the right cash flow to produce the rates of return necessary.

IRA or 401k, you'll be taxed at ordinary income rates, whereas the investments that generated the gains may be taxable at 15% cap gains rate had they not been invested inside the plan.Most cash-flow producing investment real estate already has great tax advantages, so other than not being able to reduce your taxable income via a contribution, you may be better off just investing outside the plan in RE, and doing 1031 exchanges to the extent you're able to do so.