Invest in owning businesses.There are businesses right now I can purchase for 60,000 that make 57,000 a year net after expenses.Let the people pay for build out,infrastructure,grow it a little and get burnt out or want to retire and sell for cheap.Then come in and buy for cheap and increase sales for more profit from the current position.Of course I have business experience so I know systems to put in place to turn a business around or extract more profits and increase sales.

Why spend 40k for one of your properties located in the few "nicer" areas of Pontiac or Detroit, which are surrounded by ghetto, when you could get very decent/average properties for that amount in the nicer suburbs outside?

The Architectural Control Committee shall exercise its best judgment to see that all improvements,construction, landscaping, and alterations on lands within the Properties conform to and harmonize with existing surroundings and structures.Thus, it appears I need to make the case that our house colors don't disrupt the harmony of the existing surroundings.

Is anyone here familiar with Phoenixville/Pottstown or other surrounding areas?

Repair/replace damaged wood in the ceiling and sheetrock the kitchen ceiling)*Install new 60” kitchen base, counter and sink*Paint throughout (1,000 sq. ft. house)*Replace 6 windows*Secure rear basement door and basement windows*final interior cleaning/disinfecting*Install new rear entry door and front basement door (Steel entry door in the rear and solid wood door for the basement)*install new locks (keyed-alike)*Install new glass on rear door (a piece of 2x1 glass)*Replace front stair treads (about 40 feet of treads)*Replace bathroom subfloor and “sister” new joists (approx. 50 sq. ft. of subfloor)*Install new tub surround/vanity/faucets*Install insulation under bath/kitchen*Fabricate new handrails for rear stairsLabor price is $3,900 and material price is $3,100 for total price of $7,000.

Sadly, their attitude about the process and the expectations surrounding it would preclude a really great property manager from working with them.

summerhomes wrote: (Thank you for the link on FHA details, I will forward this to my escrow gal as I am tired of her saying “Well, because you are a corporation, you don’t have to worry.â€) The confusion surrounding conforming vs.

- Book a trip to a cashflowing area- Research these areas HEAVILY-Build a Team to interview (at least one fall back for each member)- Dedicate 7-10 days to drive around, meet people and look at property and surrounding areas.Make at least 2 deals in 09

The surrounding towns seem in better shape than Dayton City itself.

There's always someone that will try and make money screwing people, thankfully they are in the minority.Without doubt, there are some horrendous neighborhoods in Youngstown, as many of our cities are also plagued with, but the surrounding areas, Austintown, Boardman, Poland and Canfield, to name only four, are now producing some very attractive deals.