Bush because you'll be living with the consequences of his administration's actions for years to come and that ain't good.Not having to stare into the face of a totally blank minded, proven loser, will be the only positive to come out of this.

I'd like to start acquiring properties that I can rent for positive cash flow and hold them long term.

If by some freak of nature your house does end up with a positive ROI then my guess is that it is less than 2%.

Right now my strategy is to get 25 properties into my portfolio free and clear as the "foundation" to my portfolio, then I can approach the bank from a very solid equity position.

However, in my position is there anything I can even do in real estate?

I am in a position to make no contingency cash offers to the bank so I can get the best deal, and then refinance after any needed rehab is done.

With a more optimistic 40% for expenses, you have some positive cash flow.At $900/month and with realistic expenses, you're $150 a month in the hole.

In the majority of the United States, if you buy at a big discount and do everything right, you might be able to have a positive cash flow of $100 per unit per month.

The only positives seem to be value-added bonus points to your tenants - saving them a trip to the laundromat.

There are tons of people that would love to dump their property on you right now with little or no equity position.