Anyway my bets are on Overtown as well there is a real need for affordable housing in Miami for young professionals I hope to get into Overtown soon.

The best bet would be to contact the lien holder and see if they would accept a partial payment to release the lien from the property, but not from the brother individually.

I would be willing to bet its a huge hugeHUGE problem with moisture.

However, you will have learned an interesting angle that I bet the vast majority of agents won't know.

I bet the seller would be motivated if you made a cash offer with no contingency and any weasel clause.Joe Gore

@Benjamin Andrew Pogue  Let's interpret "optimal" and "sweet spot" to mean:a) you can find one fairly easilyb) you can rent it fairly quicklyc) it will cash flow and the likelihood of you losing money is lowWith those assumptions, your best bet is 3/2/2 in a subdivision where it is easy to determine value (After Repair Value based on comparable sales AND likely rent) and where home prices are 50-80% of the median home price for your area (working class neighborhoods). 

A popular method is also finding a seller who will finance part of your purchase (seller "carryback".)

you sound like me not too long ago....... i so wish I would of held out for renters with better credit..... late every (EVERY) month atleast a week or two..... have to constantly call to get rent..... willing to bet that the one month deposit i made them give up front will ( in their head) be the rent i dont get before they move out.

So many goons watch MMA and BJJ has become very popular too.

hi @Joseph Meenan Since you've transitioned to holding onto properties it seems like the popular strategy is to pull the equity from the first rental (via home equity loan/credit line or cash out mortgage) and reinvest in the next purchase.