This was a fun experiment for me, and I'm glad I tested the waters to see how things have been going.Since I first prepared the portfolio it has increased 14% in 2 months.

My first few years involved buying and reselling houses in the $100k - $180k price range.

My strategy would be to double what I can afford and then focus on neighborhoods in those price ranges and then look for bargain opportunities.

It will be hard to get a mortgage that low unless that price range is very common in your area.Things you should consider are what are the local rents like, is this low or high, are they going up or down?

However, upon entering your new property, you find that the previous occupants have left lots behind.Items left might range from furniture and appliances to boats.What is the law with respect to these items.

As someone who is finally feeling somewhat competent to dip his feet into the REI waters, I find this kind of "nuts and bolts" information very helpful (and encouraging).

Target neighborgoods with 3 bedroom, 2 bath single family houses in the lower range of housing values.

You never know what is lurking in a house (water damage, termites) so always use a home inspection clause.

I been focusing on properties less that 100k my fathers a contractor and I have and adequate amount of cash to finance the properties and rehab them under this price range.

They have 40 different classes ranging from the 100 level to the 400 level in difficulty.