You don‘t want to miss too many years without an increase or you‘ll be trying to catch up with inflation.

Property owners I targeted are waiting for a pay day and almost all of the larger multis on MLS/listing sites (There are only about 5) are overpriced and in areas of Worcester still trying to catch up.

However that advise my friend received from a real estate agent saying just buy it for 80k and wait for appreciation to catch up my friend would have paid over 100k in expenses till he starting making a dime from positive cash flow obviously he might want to look at working with an investor friendly realtor who would know the ramifications of buying negatively flowing houses.DISCLAIMER:  Obviously if you can't positively cash flow properties in your market it might be time to look for another market.

Markets are all about supply and demand, we now have oversupplyIts like catching a falling knife.  

Make some kind of agreement with my neighbor to "catch up his mortgage and make his payments on his behalf"so thats 1600+21000+17000= $39,600+Fees and costs associated with this type of thing...then what?

I was never able to catch the taxes up and at the beginning of this year I moved out so the house is currently empty. 

Glad your rental didn't catch fire!

The prices will catch your eye, but you'll get what you pay for lol.

So I have this catch 22.  

And you get the benefit of having over 100 past ones to catch up on.Download BP’s newest book here some good due diligence in Chapter 10.