Is it an attractive area?

If you don't see your city, just post in the state forum and make sure to include the area you're in in both the title and post itself to attract others with that keyword set.

@Barbara G.Hi Barbara I understand how prices in Waterbury can be attractive on some of the deals but you have to know the area because there are parts where the market is depressed and you will have a hard time getting a good tenant.

In a sliding resource town, you will have a smaller and likely less attractive tenant pool.

I like the idea and I believe I can attract a good customer base.However, not being in the lending business and not understanding the basics is not a good start.

We, already, have bandit signs saying that we buy houses so, now, we're getting some to attract cash buyers.There are some upcoming real estate auctions so I plan to attend to see who's bidding and get cash buyers that way.1.

Although 4-4.25% for a 7/1 ARM seems attractive to others, they're a little high based on our experience with them.  

Said owner could always lower rent to attract tenants if this situation occurred.

But my point is REO agents have a lot of signs in the ground which attract lots of buyers of all types.

Only sell if (1) premise for acquisition changes, or (2) you must to acquire a bigger more attractive deal.Generate long-term wealth by investing IN real estate, not through transactions (casino vs gambler).