That %3 comes in handy when they know the price is getting lower and lower the longer the property stays on the market

@Lee Ripma: I am aiming at Seattle or Texas (a few areas), both have no income tax but Texas is obviously a much lower COL.

It is also true that the prices in the midwest is much lower compared here in Cali.

The IRS does not like shifting of income/expenses simply because the tax due to the IRS will be lower.

They got my taxes lowered, and it took minimal effort on my part.

My question:  From a purely real estate investment standpoint, is it better to buy something in the lower range that may have a bigger return on investment?

If you bring me a deal, it needs to have an advantage- 1) Reduced price from retail 2) Better condition - (so Its move in ready) 3) lower than market rents 4) Financing Terms, Etc.

Very easy to post on there and in the process will give you maximum exposure where the eye balls are.For the lower income areas we are seeing about 50/50 between the Zillow partner sites and Craigslist.

I grew up in the DC suburbs but moved up here 11 years ago for the lower cost of living. 

I'm wondering if you all could give me some pro's and cons:I'm wondering if it's a good idea to asking for a rent increase as part of my purchase contract with a tenant who is month to month and the seller has a management company taking care of property.My thinking is, if I were the seller and they asked this of me instead of asking for a lower purchase price I wouldn't mind.