Some rental pools are more desirable than others.

I can't speak for everyone, but my investment focus is on buy & hold duplexes outside of city limits, in desirable areas.

The biggest challenge is determining which is right for you in your current circumstances, desired investment asset, financially, and experience wise.On that last note, operating a run down building in a more desirable area, if one can be found that actually offers a better value, won't require to many different skills than operating a "turn-key" building.

Luckily these desirable things make me happy as well.Our first home we bought, which is now a rental, we had the same experience!

But, in the mean time, the state is not 100% desolate and those folks still desire decent housing at an afforable price.

I find it sad that the bill of rights and constitution are shredded for our "security"Benjamin Franklin said those who desire to give up freedom in order to gain security will not have, nor do they deserve, either one.And while I respect and admire the men and women who are willing to fight for our country, I disagree that we are fighting in foreign countries to defend our freedom.

Be sure you understand the likely appraisal value for the property (often the appraisal value will limit your sales price, especially in moderate-income areas where FHA buyers don't have any cash to settle the difference--that's why they desire seller concessions, to reduce their total out-of-pocket down to 3.5% minimum).

I agree that a duplex is a great way to start, but it's really up to your market and what your desires are as an investor.

@Carrie Pledger,In my viewpoint, this is not my rental property, it is the tenant's home.I would recommend learning the desires and trends of your target market.

Based on what laminate runs per LF installed I figure the 2cm granite is about twice as much, and 3cm is about 3x as much but it is so much more desirable.