Are there no comps in that neighborhood because none of the other houses are that big?

Where I'm at, because of a very few but very notorious slumlords, neighborhood groups are up in arms against _all_ landlords and pressuring the city for landlord registration, huge landlord fines for TENANT violations, and so on.If you're not a slumlord, great; you'll probably beat this (unless you're in one of the socialist republics, and if you are - stop investing there).

I’m ready to begin my journey into Real Estate Investing and look to join the ranks and share my experiences.

Houses on their street at the height of the market were selling for $350k, due to demand and all the foreclosures in their neighborhood, they ended up getting "lucky" and selling for $150k - a 57% decrease.

Thanks for the info Wheatie.There is an empty lot in the same neighborhood listed at $97k.

For example, you place a bandit sign in a neighborhood that says "We Buy Houses - Pay Cash!

I had a mentor tell me that if you don't feel comfortable in a neighborhood you can have a rent house there.

This company specifically dealt with zoning, planning commissions, neighborhood meetings, and the like, and was very good at getting that part of the project done.

When I was in high school there was a gunsmith who lived in our neighborhood who handcrafted the rifles used by the US teams in the Olympics.

I would first look at the neighborhood and see what your competition and do everything you can to be slightly better than them.