I am familiar with apartments.com and have also called other nearby buildings and asked what their rates are.

There are new apartment buildings going up and there has been major investment by nearby business so if you can handle the rain for a bit you will enjoy the sunshine a few years from now. 

First, be sure to bring coffee & donuts to the manager.

I just had a property appraised and it came in way low because of the nearby foreclosures.

After learning about cash return on investment and debt service coverage ratio, it seems to me that a nearby city to me, Harrisburg, PA, would be an optimal place to achieve the appropriate numbers.I've been told 2.0 for DSCR is solid and Cash ROI above 25% is a good target.In Harrisburg, properties can be bought for 15,000 with 7,000 put into them with potential rents of 800.

Tony with that 50k in Orlando why not go and buy with all that cash,in my opinion i wouldnt go after the deal with it being you're paying that much for a quad,also in my opinion never count on an area going up or thriving.I'd check into other similar properties near by before i'd go in contract

Ann Landers would say, "Wake up and smell the coffee".

Since I've been stalking the house, I've noticed that there are 2 other empty homes nearby.

.- At least if you are just starting out, start in your own state or nearby state.

A stop for gas, bread and milk often leads the customer to remember they also need coffee and orange juice (whatever) and then they head to the main store a few hundred feet away.