Buying rental properties when you don’t have adequate reserves is just asking for trouble.

Naturally I'm hesitant to purchase now.

The best natural disasters routinely center around Texas which means lots of money for me and I love guns and hunting and there's more opportunities to hunt there.

I think it's just part of the natural wear and tear of the location.

Know all the costs and get adequate financing approved prior to writing an offer on a REO.

Michigan has the largest state forest system in the country and you are never too far from a natural body of water.

Brian, had you filled out your profile I might have been able to give some insight as to the nature of your public housing authority in your area.

It may not be a scam, but often the due diligence is very difficult to do because of the closed society nature of those who would bring religion into the picture where is does not belong.That means that you should proceed cautiously because you could be dragged into something unawares if you do not make sure everything has been fully disclosed to you and you also fully disclose everything.These deals are doable but may not be for first timers.Laws are continually changing about using the end buyers funds to purchase the property.

License with the intention of becoming an Agent.Long story short, I have since decided on REI as the path I'd rather pursue....With that being said I have looked into all kinds of courses and "Guru's" and will probably get my start in residential Wholesaling or short sales....Naturally, as F/T course chaser (I'm talking like a webinar a night!)

I dont feel I can generate adequate cash flow if I pay more than this.I've made a few all cash offers at about that 72 gross rent multiplier range over the last few months and have been shot down cold on every one.Here's an example of one. 130k; current market value after repair based on comps91k; this was my offer taking into acount cost to repair and valued at a 70 gross rent multiplier(1300x70)offer shot down cold, no counterHad I got this property at this price, I would have a property that meets my cash flow requirement(70 GRM) and has an instant 39k in equity if I wanted to turn around and sell it.I told myself I would not buy more property if it did not meet my cash flow requirement.