I don't know about good deals in other areas, but the real estate on ebay for Oregon is often over priced and severely misrepresented.Lovely photos are of points of interest often hundreds of miles away.Lots of the deals are down payment plus payments.

They are the key financiers of the tea party (along with Murdoch) and have spent tens or perhaps hundreds of millions so far, so they're definitely spending as well.

There are some DIY kits floating around the internet for a couple of hundred.

My business comes to me from word of mouth (I don't advertise at all) and I will pay a referral fee (couple hundred) for the referral.

If making hundreds of calls and 20-50 offers is not your cup of tee, go after REO properties.

But I did look at pictures, hundreds of comps, past rental reports, and so much more.

I have met 1 or 2 out of hundreds that say anything about Cash On Cash return.

The above are just 2 of the big ways where I screwed myself, but there are literally hundreds of other pitfalls when it comes to buy and hold property.On the more positive side I did also make good profit on a single family flip(by doing cheap but effective big city style renovations), and collected 1200/month cash flow for several years (real cash flow after ALL expenses and payment on 20% down mortgage)on another building.As of today, I own none of them and I am in the process of taking my knowledge gained and starting over, probably in a different city which has even better prices/taxes/rent rates.Even though I lost money overall I look at some of my experience as the college education that is not offered.

I think I may have to stop looking at new applications soon and just focus on the first few hundred.

I was running the numbers and if I could get my terms....Mortgage$180,000.00 Mortgage$500.00 Taxes360Insurance140Maintenance60prop mgmt300(overestimating)($1,360.00) Gross Income2000NET$640.00 $7,680.00 /yrCASH ROI1.54 CAP0.0768If I could somehow get my terms even though i would be overpaying by alot for the prop...I would be having a couple hundred a month cash flow $640.