However, there are exceptions to those three if you find the right deal.What I would do if I were you is identify a couple markets you've heard good things about and start investigating them to see A) if they are good markets and b) if you can get deals that cash flow.That said, some of my favorite markets right now for cash flowing properties with good long-term fundamentals are Cincinnati, Jacksonville, Tulsa, OKC and most places in Texas (except Midland/Odessa region - I think that area will pop pretty soon).

It's a theives paradise, just like the slots market.

I thought that I just needed to show up with my favorite pen and now I'm hearing I need to prepare a HUD1?

Ivan,You posted in another topic about an inheritance.I commend you for not going and buying a bunch of crap with it but wanting to invest it.I have seen some friends inherit large sums of money in the past that the grandparents and parents sweat blood and tears for them to have and did without to give them a chance at a better life.The friend was irresponsible and lived "high on the hog" for a few years and is now broker "working for the man".I think what you are underestimating is what it will take to do repairs correctly,the time involved,and how buying incorrectly can wipe out a large chunk of your wealth.Not knowing what kind of existing annual return you are getting on your money is a huge red flag.You have to compare the RETURN versus the RISK when moving money around or allocating a percentage of your portfolio of investments.If you don't you are "shooting in the dark" and might as well take a trip to Vegas and play the slot machines with your money.DON'T talk yourself into something and say "it's not so bad".That is what I am seeing from your posts and is the number one mistake of new investors.

I knew "sell the motorcycle" wouldn't be a favorite, haha!

Bill E hey, you hit on one of my favorite topics.

Other ideas would be to take several different popular images of 'We buy houses' etc... while not my favorite idea, still, uploading them with the image linked to my site where, again, the video plays, instructing them to submit their info.

Grandma investors were my favorite source of listing investment properties.

adsource=&id=#indforms) has forms that tend to be used by other investors.You can make offers on just about anything, i.e. yellow note pad, napkin, and a business card (a favorite of Pete Fortunato).I would try to make the forms look consistent.

To get around this, I just favorited (on homepath.com) every property that met my criteria whether it was under contract or not.