If the numbers work, I believe its a great approach to your business.I know many landlords that have rentals in their own neighborhood.

If I look to neighborhoods on the next "quality" notch above those I've been buying in, the houses that I could get $800 a month rent on would cost more like $70-$90K instead of $30-$45K.

My very lazy and not very encouraging roommate hates walking the neighborhood with me :mrgreen:.

But I need to have a more realistic opinion of what houses in one neighborhood rent for vs a similar neighborhood across town.

I walk my neighborhood daily and end up with a list of 10 more houses that are either: abandoned, realtor for sale, condemned.

I think it would totally depend on what type of neighborhood your property is in.

In addition, sometimes there is a waiting period so owner-occupants can bid first, but the crooked investors are snapping them up also..Depending on the neighborhood, we are having now to big over asking most of the time.

There could be more foreclosures up ahead, especially in nicer neighborhoods where a lot of these prime borrowers resided.

Use Bandit signs in the front yard & around the neighborhood in high traffic areas.

Other units in neighborhood are selling for $110K - $120K.