RP,Only a very small percentage of properties for sale can be purchased at a large enough discount to make them a good deal for an investor.

I will buy houses anywhere in the Texas or Oklahoma panhandles or in Clovis, Tucumcari, Clayton - New Mexico and surrounding areas.Financing is available for all properties and I'll always offer discounts to cash buyers!

I only went to get the discount to sign up for the three day class.In March 08, I took the 3 day coarse.

I always buy at a BIG discount and always insist on real positive cash flow.

It is necessary to buy rentals at a BIG discount if you want them to cash flow.

Even though these are the prices, I have managed to buy several dozen rentals in the past 3 1/2 years, all at a HUGE discount.

(at a huge discount - ie 30% +)1.

or don't spend the little extra, but have your better than new house selling at a slight discount.

The reality is that if your rent is barely above the mortgage, you ARE losing money - you just might not realize it yet.I would suggest only buying at a HUGE discount.

The Carleton Sheets course is an excellent beginner's course and there are many good books out there also.Your plan to buy a house at a BIG discount and live in it while fixing it up is a good one.