Look online at the types of homes and nieghborhoods in the area.

SteveGent -- There are a number of services out there that will help you get set up to collect rent payments online via check, VISA, MC, AMEX...

Ideally, you want to find something that is slightly below market value if possible.

Stick with a forum or books online or in the book store.

I've no idea how strict they are, sometimes companies advertise what they what they are ideally looking for, not what they would necessarily accept in an applicant.

As more information becomes available on-line there is less need for full services provided by an agent and hence less need to pay a 4-6% commission.

With all of this information available to people online, the phone calls that I get are from people who are already pretty interested in the apartment -- which wastese less of my time on fruitless showings.

Unless you can get a house for $0.50 on the dollar there.... don't bother.PlanoPlano is the ideal place to have a house to rehab and sell.

I'm new here, and to RE, except for all the books at the library and the TONS of info online.

We have several credit cards which could be used for some rehab funding, but that would only be ideal with a flip so we could pay them off with the profits quickly- not a rental situation.If we were to get a home for $140K, what would be your approach.