Where I live you can buy a duplex in the nicer part of town for around 100k, and a 5 apartment building just sold in the not-so-nice part of town for 22k. just depends on where you live I suppose.

Nice to see everyone offering insight to each other.

With regard to the unit, even for rental properties, I think it's critical to stage the unit with reasonably nice, and color-coordinated furniture that allows the prospective renter to "visualize" living there.

If anyone is looking to fund deals for a nice return I would appreciate a heads up.

Hey Ed - Nice to have you here at BP.

Now...I don't know you and so could be way off base, but justfrom how your post sounds that's my take.Let me use an analogy: You have a client and want to impresshim with a nice meal.

He is nice to work with and will negotiate seriously with any qualified players who put offers in writing .

Have a nice day.

I don't want to make millions, it would be nice since my cousin is in this buisness and from what my mom says she is worth about 5 to 6 mill.

If a property cash flows, there are lenders who won'tcare one cent what your credit score is like or whatyour personal income is.If you default on their loan, they have themselvesa nice, cash flowing property.