We currently own (free and clear), (2) 1-1/4 acre adjoining parcels in a growing, upscale, residential, neighborhood 20 miles north of Phoenix.

Do research on the property and make sure you know the neighborhood comps.

That being said, about 6 or 7 years ago I was staying with my then wife in my parents $950,000 house in a luxury neighborhood when it was broken into in the middle of the night.

Even at $260k it was at the low end of a $260k to $280k neighborhood.

Do mail outs or flyers in neighborhoods with high depreciation rates.

I would like to build an eco-community with a small farm, an organic community garden and some eco-friendly houses.

In all likelihood, my kids will grow up in middle-class neighborhoods, go to college, stay out of debt, and be able to provide for themselves.

They don't analyze a house or neighborhood as "nice" other than as it affects their management intensity and profitability.2.

If you are interested, please contact me directly to discuss.Valley Agent Criteria:A self starter, but not someone who is ambitious enough to go out on their own… Knowledge of SF Valley and Thousand Oaks/Simi Valley (member of SoCal board) Someone who understands the rental market (acquiring low price properties that demand high rents) Experience with Winforms and MLS Investment property experience Computer savvy Home office with fax, email and a windows operating system, Outlook (not MAC) Someone with an existing book of potential clients Someone who knows the neighborhoods intimately in the SF Valley and Conejo Valley

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.