Do you really have the + or - $300K to Buy that property in the middle of nowhere at the dead end of a street?

@Douglas Orr - What is the most popular rental properties around that part of Indiana?

There will be blood on the streets and those investors who weathered the storm will have plenty of opportunity to buy at a discount.

I started on my first "test run" and quickly realized I', clueless as to insurance costs, or even trash pick up (Republic doesn't  seem to have street pick-up rates listed on their sight).However, unless your pro you only get 5 turns on the "toys", so maybe practice with this one www.biggerpockets.com/tools/REIPropertyAnalyzer.xls-- then you can also figure % for maintenance and/or capex (older house, higher%, new home...)Have fun!

Then it was sort of rinse and repeat.I did notice that was a popular starting point on a BP poll recently (renting out a place you already owned/lived in).It makes sense as you have the financing in place, the transaction complete, plus you have screened the area and the property, know all the maintenance and routines, etc.So your first home may be your first investment property, too, eventually. 

I've stated the obvious I know, so hit the streets and start learning the outskirts, you may be surprised at how profitable they can be.

The most popular lender nationwide is 21st Mortgage, a Berkshire-Hathaway Company.

Vinyl trip pieces are popular too and claim to be more durable.

I wish I could invest south were is all landlord friendly but I guess I'm stuck in the east coast tenant territories.Regardless NYC will always be the worst and I can't blame it because 9 million population city is build on a system where they can't be in the streets.

The Equity Buyin is very popular here.