I believe that right now its a matter of picking the person who will do the least amount of damage...

I used to rent a 2-bed house in middle class San Jose 10 years ago and the owner at the time sold it for around $450k.

The concept of lease-option to increase rent is tried and true.However, in your case with a condo...you did the right thing to sell it.Never buy a condo as a rental...the long haul for real estate is appreciation, increased rents and keeping expenses low.Condo dues...no land...all go the other way...Stick with single family homes in working class neighborhoods...Good Luck!

Clarke, welcome to BP...Some things off the top of my head include....a) Churchb) Fitness clubc) Pick a nice neighborhood and saturate it door to door just shaking hands.

If you can pick up properties that cash flow $200 after PITI, then I would do that all day long.

Is there an elevator apartment building class designated by the local government like there is in New York City (Class D)?

I think it was Tim who once said in a post that a person who owns fly-over properties can leave a Glock in a safety deposit box, fly in , pick it up, and then visit your properties.

We still get lots of people who have been watching too many late night infomercials about foreclosures coming to town trying to pick up inventory without much success.

why do you want to pick up these houses w no equity when they are already lost?

You pick what "modules" you want, and how you want them laid out and they make it happen.