In effect, you'll have 2 different sites (or even 3 if you like) that do not necessarily interlink, and are targeted to each audience.

Using $100,000 cash without positive leverage translates into one scenario of how many deals you would have to do and a target rate of return you have to achieve to get there in a certain time frame.

Get a realtor to get you on listingbook or setup am MLS search for you, based on REO, and the areas in your MLS that are your target market.

Maybe I need to just read, or maybe I should be getting a feel for the target areas I think we will be interested in in the future?

Assuming the 50% rule on expenses long term, I'd be looking at yields of 15 - 20%.I target a 15+% return on cash as that's more important to me.

The key is pretty simple - buy a house cheap enough so that you can make some repairs and resell for a profit (or just resell as is for a profit...although some people consider that "wholesaling").My best advice would be to learn as much as you can about your target market and costs to cure them.

Well, I remember there was a thread a couple of days ago, started by a UK investor, about a property management problem she had with her property in Detroit.I just happened to find out that a friend of mine (really, not me as I do not have any interest in investing in Detroit) got caught in a similar scam targeting at foreigners.My friend is a Japanese citizen like myself who bought a duplex through another Japanese agent working in the Detroit market.When he bought the property at $25,000, the duplex had two units occupied and rent paid for $450 each.The agent said that this property was located in a nice, strong rental area so it should be rented out quickly and claim a same or similar rent amount even if current tenants moved out.Well, soon after he purchased the property, one tenant stopped paying rent so he had to evict him.

Cliff Stay on topic - we are already starting to get off topic.Ask your questions in the proper forum; each forum is targeted to certain topic categories.Don't violate the forum rules; they are posted:http://www.biggerpockets.com/forumrules.htmlhttp://www.biggerpockets.com/terms.htmlAmong those are: no phone numbers in posts, no email addresses in posts, no self promotional materials or links, no verbatim copying of copyrighted materials, no harvesting of member email addresses (via signature), no "avatar" that is promotional in nature (e.g. business logos forbidden as an avatar).

Details now matter more across the board with capital, investment term, return targets and the general plan.  

Our budget here is the same.Once all the internal bits are done we will reside the building - and are planning to add another 1" of polyisocyanurate hardboard insulation {which will require removing and resetting the windows we just installed to adjust for the new wall thickness ... a little rework that we have not found a way to avoid {yet}]Once all the above has been completed, we will conduct our "post retrofit" energy audit to see if we hit our target of scoring 75+ out of 100 with fewer than 3 air changes per hour.As you stated, the long term goal is to keep our buildings attractive to tenants by making them healthy, efficient and modern (while retaining their historic charm) homes as energy costs rise.