Keith,In my opinion, $100 a door is good........but: How much are you putting down, what kind of equity is in the property, what kind of shape is it in, what is the demographic of the neighborhood, and what kind of investor are you going to be?

Both are duplexes in decent neighborhoods.

My question here is has anyone tried to compile a list of the local "legal" newspapers that these sales are advertised in?

Ok, here it is My wife’s Dream home, 6bd, killer kitchen, fantastic neighborhood, and its and REO.MLS listed for 514kZillo estimates 415k-495k Pre-approved for 400k On the market for 26days, (only 1 low offer according to realtor unknown price)I researched realty trac and found bank that owns Fremont I&L, a mess, Fremont bought out by another pushed servicing to Fremont reorganizing and Litton but HSBC bank listed as owner on tax docs with the address of Litton in Houston???

You should start by selecting a neighborhood you want to be investing in, then learn everything about it.

(Market Value $72,000)The most (comparable)recent sales in the neighborhood were $36,000 and $71,500..

I have come to the conclusion I have no use for a Buyer's agent, I just dont need the hand holding, or the negativity.I will simply contact the Listing Agent for a showing, after having checked out the House and neighborhood on my own.I am guessing the Listing Agent will attempt to say this is against their "Code of Ethics" or some other crappy story.So, if anybody has experience with this concept , please post, and let me be wiser from your experience , and hep me smooth out my presentation to the Listing Agent .thank you for any and all comments.

If you are interested in a property then you should use the worries put out there in the media (about the economy) to get the property at a price that will support a deal in your neighborhood.

Here is the situation:An OK property (needs work though) but in a very bad neighborhood (I am talking drug dealers across the street, bunch of boarded up props on the block and constant breaking ins (at least once a week - the property is vacant).

Newspaper classified ads7.