In some areas farmers are buying back land they sold to developers several years ago for 25-50% of the prior sales price.

This is a key skill you will want to develop if you wanna play in the rehab market.

They know I'm looking for properties on and off the MLS, and I've told them several times I'll list with them for resale, solely based on their reputation in town, and my COI (Circle of Influence).

Every broker and developer that comes by starts off with how bad things are, and how I should be glad to be getting anything.Thoughts

As you develop a better understanding of your strategy, make sure to post your questions on the forums and get involved here at BP.

Make sure you are offering good deals to investors, or you will lose your reputation in a hurry.

Neighborhood has little pride of ownership, drug activity, etc. there are jobs as its next to a large prison, schools and hospitals.Rents really cannot be increased as there are new developments renting new 3bd homes for as little as $600.Tenants are typically short term and if screening is tough the units remain empty.

Of course, to maintain your reputation for future business, you need to do everything reasonably possible to make sure this is a successful investment, such as performing a quality rehab, placing a good tenant, and staying in stable neighborhoods that are attractive to good tenants.2) Sell your rental property to a passive investor at a reasonable markup, where you then lease it back from them at a somewhat below market rate.

Reputation is @ stake and you don't want to jeopardize that because of an inexperienced or shaky buyer.

Neighborhoods around new sports stadiums, city parks, and "town center" type developments become desirable very quickly.