I have found that by doing this you are not a rich target for lawsuits and if you are sued you will not be wiped out.

In effect, you'll have 2 different sites (or even 3 if you like) that do not necessarily interlink, and are targeted to each audience.

Using $100,000 cash without positive leverage translates into one scenario of how many deals you would have to do and a target rate of return you have to achieve to get there in a certain time frame.

Your basically asking what hammer should I use to pound in this nail, a Stiletto, an Estwing or a Husky.

Being in sales, I know a lot of people say they're going to pound the pavement, cold calling, knocking on doors, ect. but I only know one guy that really does, day in and day out.

Get a realtor to get you on listingbook or setup am MLS search for you, based on REO, and the areas in your MLS that are your target market.

Maybe I need to just read, or maybe I should be getting a feel for the target areas I think we will be interested in in the future?

Assuming the 50% rule on expenses long term, I'd be looking at yields of 15 - 20%.I target a 15+% return on cash as that's more important to me.

The key is pretty simple - buy a house cheap enough so that you can make some repairs and resell for a profit (or just resell as is for a profit...although some people consider that "wholesaling").My best advice would be to learn as much as you can about your target market and costs to cure them.

Well, I remember there was a thread a couple of days ago, started by a UK investor, about a property management problem she had with her property in Detroit.I just happened to find out that a friend of mine (really, not me as I do not have any interest in investing in Detroit) got caught in a similar scam targeting at foreigners.My friend is a Japanese citizen like myself who bought a duplex through another Japanese agent working in the Detroit market.When he bought the property at $25,000, the duplex had two units occupied and rent paid for $450 each.The agent said that this property was located in a nice, strong rental area so it should be rented out quickly and claim a same or similar rent amount even if current tenants moved out.Well, soon after he purchased the property, one tenant stopped paying rent so he had to evict him.