I am hoping to find the classic “worst house in the best neighborhood.”

Jeffrey, with a variance, the city will make you go through a neighborhood hearing.

Our group prefers using people that specialize rather than "one-stop-shop".

I’m aware that being an agent AND an investor might sometimes become a negative thing, but my hopes were that I could make money to buy my own properties and learn more about the industry all at the same time.Although I love every aspect of RE investment (flippers, foreclosures, etc), my long term goal is to own rental properties, (as many as humanly possible :D ), and considering prices in the Boston neighborhoods that I’m interested in, I’m guessing that I’ll need at least $50,000 before I can buy my first property.

I was out in Wheaties neighborhood yesterday (Broomfield) for the NRBA conference...

That makes it a real pain in the *** to shop around.

Here's the basics on the house:--4000 SQFT (including 1000 SQFT finished basement--6yr old central unit and unknown age second unit--excellent foundation with no to very minimal settling--split level with large bedrooms and large bathrooms--1.5 acres lot in a good neighborhood with a few million dollar homes a couple of streets over--nice but neglected landscaping--built in late '70sFannie Mae wants $179k but it needs everything on the inside.

Sometimes called the rust belt or other terms that imply the economy boom times are a distant memory.Note that many of the communities that have shrinking populations still have some great neighborhoods.

The property is 1.5 miles from Downtown Houston in a "transition" neighborhood.

Hopefully one day I can return the favor.My Business plan:Find Value properties within 2 miles of Downtown Houston (in neighborhoods that are in the beginning stages of gentrification).