One issue i see with doing it the way you're thinking is that in our market in Miami the gamble is much more risky, with the crazy high rents in those areas you mentioned so you have to make sure that area can be constantly rented out, otherwise you're gonna have to bite that monthly lease payment.

The second day, it was about 7am in the morning I get a call from a son of a lady who lives on the same street.

I am not legally required to help an old lady across the street but I feel a moral obligation.

The one lady we have been dealing with sounded upset.

Ask your tax lady.

I listened to one a few days back where a lady went from being something like 600K in debt to owning 100 doors...or something to that effect.

I was encouraged to read up on Real Estate through a lady friend of mine.

I have to admit that I started second-guessing my gamble of buying 1/2 a house for $130k and having a "partner" on the other half who didn't know that the house was on these two lots.

Along with not paying some lady 10% to manage the place :-)

,My Answer would be -  In today's market if i want to buy #1 Reason would be Low Interest rates (knowing exactly when to buy can be a bit of gamble.