@Curt Davis is with another quality group here in Memphis, so I appreciate him answering for me.

I have picked up high quality second hand couches most times and it helps because I am not replacing them all in one year.

Hopefully such regulation would wipe out 80/90% of the "program gurus" and would put authors of "information" under a microscope as to the quality of information, experience and expertise of qualified counselors.

$150,000 is a good price range, but by learning your market, you will have a better understanding of what a $150,000 price means in terms of the quality of property you can buy.

I'm an audio/visual engineer in Louisville.

We also have pockets of great affluence and great poverty that often butt up against each (ie...Woodbridge/New Haven) through our little State.Great poverty usually translates to lessor quality school systems which in turn drives people with the means move to the more affluent areas in the burbs to put their kids in the better school systems thus keeping up or driving up the prices in burbs while flat lining the prices in the less affluent areas, the cities.

While very few rule of thumb guidelines apply everywhere it has been my experience that the high quality more expensive properties in nicer neighborhoods cash flow less but are easier to manage and appreciate in value better.

At a minimum, it should be a 5 year view, and then the investor will have a better long-term perspective, and the seller will not look like he misled them.I feel that 10% - 20% of your rental portfolio (depending in its quality and management) will be performing sub-par at any point in time.

My dream if you will is to one day establish a quality housing development to support soldiers and their families near military installations across the US.

I consider these A areas so there is a trade off with cash flow for higher quality tenants and a higher rent amount.