Thanks for filling me in.This thread is encouraging me to look at more single family opportunities in the area in lower income neighborhoods with limited amounts of violent crime.

I would encourage you to read the Federalist Papers and the many published diaries of the authors/signatories of the Declaration of Independence, the Articles of Confederation and the US Constitution.

Simply buying land hoping it will go up without a market analysis and understanding the opportunity costs of holding is not a good strategy. 2) Again it depends on your philosophy and strategy.

All really not bad philosophies to learn and adhere to.

Tom,That's encouraging for a guy like myself that has not done a rehab yet, especially after looking at your site and seeing the finished product.

Just wanted to encourage research and networking.

I don't usually rcommend anyone paying that price and touching their retirement funds.I do encourage investors to look at their options for retirement in the self-directed world (I feel Equity Trust Comapny is the best) but as Jon pointed out, there are several rules and guidelines you MUST adhere to.

1) Grossreal: if I look at my core values, I do not see any fraud at all, even in case of me straight out giving money straight back to Yeow who owns the place and negotiated the seller.The whole bank philosophy of "we're willing to take a loss, as long as THAT guy doesn't make a gain" is horrible.

They represent different philosophies that so far none of them proven to be the ultimate way of life in their purest form.

The man was encouraged.