Also Mike Hemmer runs an excellent property management company

Harry Williams Google drive, excel, qb.

Here are the pros/cons as I see it:Frayser Pros:  Excellent cash flow (when rented to a good tenant), cheap homes (roughly $40k or less), rougher area.. but not so dangerous that I won't go to the house to do work (during the day of course).Frayser Cons:  Home values will probably never appreciate much, dealing with low-income tenants who often only make partial payments (always seems like I'm chasing them down), risk of break-ins when vacant, I've NEVER had a tenant give notice to leave.. they've always been evicted due to lack of payment, flaky handymen/repair people (maybe this is common everywhere).So is it smart to be investing this way.. chasing the cash flow? 

Granted I'm still looking to close on my first deal following the course and get out of that 9-5 job...Excellent advice - stick to the numbers, be conservative, don't get sucked into bidding wars (especially those who are in markets where MLS has dried up again), have a system, and just let the numbers talk to you.

If I buy multi units that need rehab and do a lot of the work myself, my cash flow will be excellent.

While some of the creative ideas are excellent, they are not the only options.Just my philosophy.

@Stephen Chittenden excellent bit of advice there, so thank you for your contribution. 

Excellent school district great affordable housing market and i forsee excellent appreciation with all the new development in that area

Excellent Deal and write up Luis !!

Excellent!