I bet within driving distance of you there are less desirable neighborhoods (to homeowners not necessarily an investor) where there is a better opportunity of getting discounts.

Great you have a goal, and you should start to talk with local brokers and learn the neighborhood where you might want to invest in.

The point is, the more you know about your local market, and if you have a specific neighborhood you want to focus on, the better off you will be when you are ready to invest.

A little foundation issues, original house in best country club neighborhood.

The house was a single family colonial in an exclusive neighborhood of an affluent suburb north of Boston.

I had considered the high cost of rent vs the rank structure and the 50% rule.

I'd also recommend driving around in the neighborhoods you want to live in and look for signs or vacant houses.

Had an inspector tell my contractor he was being hard on us because all we were going to do was sell the house for profit...it was our first house in a particular neighborhood and he had just been rehired so he was on a mission.

When driving a neighborhood, I find its much easier to find properties that seem distressed - with wood exteriors as brick is such low maintenance.

The root of my question is....Is it okay to buy decent property in average or below average neighborhoods?