I have also found several out of town owners.

I own a duplex in a small town in Wisconsin (30 miles west of Madison).

I think I am gonna come often here.I have a question, I would like to know if some of you guys are investing in small towns or only in big cities and/or their suburbs.I found a nice building (15 units) in a town of around 24000 people.

It shouldn't control or shape whom you are or what you want to achieve as a real estate investor.

Bigger homes cost more to maintain and someone stretching themselves to get into the house may be susceptible to losing control after a large financial hit.Second is the explosion of Adjustable Rate Mortgages (ARMs) combined with the low interest rates.

I'm also new to all of this, but I've come across some really good deals in that town that I cannot believe have not been taken by you guy's.

I was recently able to make couple of properties cashflow on paper in a small town called Taft.

I've posted it before but it's worth repeating as others may want to use it too.The keys to making this successful are:Buying for CASHPicking the market segmentOffering attractive TERMSI've been doing this for over ten years, the first 6 in Houston, the last 4 in a small town west of Austin.

I think your best resource may be a local publication. try googling forclosure and *your area or town*locally, we have a publication called the recorder. it costs something along the lines of $175/3 months.it lists all of the forclosure sales happening, times and dates. but it is also where they publish public notices to defaulters.as in "this is hereby notice that on such and such a date, your home will be siezed..."

Watch what happens when they find out they are not in control anymore!!