well, since the previous owners most often are long gone, the letter the bank sends out to them usually never reaches them. so, the house sits for a very long time with virtually no owner and falls apart. it racks up thousands of dollars in back taxes and usually winds up in the lap of the county or state for back taxes, which then auctions the house off for pennies on the dollar. here is where you come in, or even before. i have personally found 2 of these houses, and bought them for $2000 for one and $2250 for the other. of course you have to assume the back taxes and such, but in most cases, you wind up with the house well below what it is wort anyway. the house i paid $2000 for????

I am 22 years old and a Marketing Major at Kutztown University.

The location is very good... proximity to beach/ university etc.

Helps that it is near a popular university.

My name is Alex Plott and I'm currently a junior at Baylor University studying accounting and finance.

I have my team in place: Virtual Assitant(s), Buyers, Contractors, Closing Attorneys, Funding,Title Co.,  and some Realtors... but I don't have an investor Friendly Realtor...and when you have been doing this for a while, let me tell you...every Realtor is not built the same. 

Originally from Fort Wayne area however I've been living in Bloomington, IN while I attend Indiana University.  

I already own one income property and love the Lansing area potential due to the University and local colleges. 

I'll throw one more possibility onto the list:Some come from a societal background where renting is the norm.The cultural push toward home ownership we experience in North America is not universal.  

IE affordable to virtually anyone who has a job can save a little and has not butchered there credit because of inability to manage their personal funds.5.