Truck cap on the bed of my truck.

We were looking at buying a condo, but a 2 bed 2 bath 900 sq/ft condo is typically selling between $180,000-$250,000 which I find way too high for a small unit.

If you wait until REO, you'll pay full retail and compete with everyone as the property will be listed with an agent (Always).

The problem that I have seen is a lot of retail buyers are willing to pay upwards of 600k for houses that need a decent amount of work.

They want retail. 2.) 

Purchase price: $26,000 1 bed / 1 bath condo in the heart of coconut grove.

It's a 3 bed 2 bath at approx 1,700sqft.

I have a colleague from my national guard unit who purchased his first 4-bed house at age 20 and rented out 3 bedrooms for enough to make his payment and cover all expenses, plus a little profit for himself while he attends college. 

I purchased a single family home (4 beds, 2.5 baths, with a finished basement) in Towson, MD.

Found through a retail broker that happened to be a friend.