Now, one of those things, depending on your personal worth is you might want to form either some type of corporation or an LLC to form that will protect you personally and put you in a tax advantage.  

I am not sure yet what are the main traits I should be looking for, but I believe that a good start would be a state/city/area that is: Landlord friendly (from the tenant- landlord perspective).Has a solid ROI Is considerably cheap (unlike San Francisco haha)Allows foreign investors Isn't too expensive tax wiseAny ideas and advice will be happily accepted :)Thanks in advance everybody!

However the math is simple… run an amortization calculator see what the taxes & Mort payment are, and then know what a flat in that area rents for, With that said here is 2 typical examples of Albany propertiesNew Scotland area 2 family’s run around 220k, 6k taxes, 1k insurance payment would be around 1570 a month, typical rentals would be around 1300Washington ave areas 2 family will run around 140, 3500 in taxes, 1k insurance would be about 1000 a month, with rentals being around 1000 a month.So you pretty much can break even in the not as good areas, grab a roommate or 2 and you’re really cash flowing.But don’t forget about the big savings of the low down payment and locked in low interest rate when you plan on exiting in 2-3 years

The entry level market is very reasonable and taxes are low there.

I havent used Listsource...but if you have access to someone who knows how to go into your county database (or you might be able to figure it out for yourself) that data will be in your local Tax Assessor's website.    

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I think the agent simply took market rent, applied them to all units, and used one of the R&M rules to come up with his number2. property manager listed no rent income for 6 months straight and suddenly for the very last month on paper there was an income of about 2800 dollars. this made me doubt if the entire income and expense reporting was accurate3. owner did not provide tax or insurance numbers - the listing agent estimated them...I also heard from the selling agent that one of the bigger units will be vacant from next month, due to eviction of tenants from rent delinquencies The owner is out of state and seems clueless on the operations of this building.

The loan will be around 5% interest and you'll be able to write off for tax purposes.

I dont think they are actual investors, they mostly want homes about to be tax deed auctioned off, when I do come across a property for $5,000 its to much to repair for them.I do have some good buyers who actually buys.The others are just wasting time until they get a once in lifetime deal with a low purchase price, little repairs, and high equity it may come but not often.

Purchase $150k / Loan $108k / Rents $28.8k / Tax $4700 / Ins $1200 / Misc $1200Projecting Net ~ $14k annualLooking for the next one now!