Completely understood that this is a higher volatility investment than buying a nice 3/1 in Richfield/SLP/Bloomington and it would require the investor to be aggressive in bank negotiations, tolerate longer vacancies and/or higher maintenance/legal expenses, but the potential return seems to cover the additional risk.As an aside - I don't disagree with you about the potential risks at all, just trying to identify some potentially creative niches in the market.

Hi Britney, that's a great question and very personal and unique to each individual.

find a small niche market thats not real popular (yet) but will be.3) sounds like you are a GC, so am I, use that talent to leverage a good deal.

Condos are unique real estate investments because a huge part of the value is determined by property that is under common ownership and which the unit ow er may have little control.  

Want to replace my camera and was wondering if a high end camera is something i can expense. i am talking $3k camera. i am a "high end" amateur photographer with good taste in cameras and lenses.

Of course i'll use i...

It is a very competitive in the foreclosure niche.

MFcan potentially give you more cash flow and higher ROI but as @Simon Campbell points out, they come with some unique sets of challenges that new investors might not be prepared for, namely, more transient tenants, higher vacancy rates and more repairs at turn over.

I'm guessing the buyer will have a unique purpose/use for it.

You might consider Niche or Specialized Housing like student housing.

This is one of those little niches in society that a big ugly biker can fill.