If you have a list of vacant houses - that's good.

The location (schools, restaurants, crime, etc) is decent but nothing too promising in terms of appreciation (3% annual average) Here are the details: Purchase price: $170,000Rental Estimate per month: $1500-$1550HOA: $1000/yrInsurance: $1100/yrTax rate: ~3.4%I assumed the following:I use a 20% downpayment on a 30 year fixed conventional loan w/ 4% APRNew build so warranty is covering most things so minor, if any, maintenance will be neededTake into account 1 month of vacancy per yearTake into account annual broker fee to list of one months rent~5K closing costs~2k in appliance purchasesResult: Assuming rent range of $1500-$1550/month and assuming 1 year I wont have to pay the broker fee to list:From my cash flow analysis I am projecting to have positive cash flow of around .02%-2.1% per year.

I checked craigs list and there are only apartments listed.

.- Start your own lists A:  'I wouldn't buy here with monopoly money' B:  'If something comes on the MLS in this neighborhood I would offer site unseen!

@Steve Santacroce..... there is no property in East Rochester that can be bought for $25K under the conditions listed above.

I am working on cleaning up a landlord list I will be mailing to.

Put together a list of properties from the MLS and then take your dad and spend the afternoon looking at them. 

But we finally got through construction and got the house listed...... and NO offers yet. 

Do I continue waiting for a perfect deal in one of the towns listed or do I take a deal with a little grittier a place?

I'll cross this off my list.