I gave him the knowledge.

You can certainly get wealthy but not by working 1 hr a week and watching your accounts fill automatically with money.Real estate takes work especially when you are starting out with little knowledge, no contacts and little idea of what a solid real estate deal really is.Another false image is that you can be buying properties with little to nothing down on a regular basis.

I look for the school district NOT to be the largest employer.

I really hope to get knowledge and form friendships in the real estate world.

Their opinion was that fair market is broad and could be lower or higher based on many factors: condition, long term versus short term, knowledge of the pending foreclosure going into the lease, etc.

Detroit seems risky, on the edge of bankruptcy, Memphis crime rate is pretty high, Phoenix we don't really have set up our mind on it.Remains a lot of other good followers : Oakland, Austin, Charlotte or Charleston...Any help in our american real estate quest will be gladly appreciated.This website is a true gold mine with a lot of knowledge and that's why i'm coming at you right now :pThanks,Loic

As you read this post, you can think, and begin to notice that it is your experienced knowledge which will help me produce a win/ win situation for all parties.

So is the thing that is now getting the way your knowledge of his profit?

As a principle, I only buy properties in good school districts.

If you are buying to rehab and resell to owner occupants, look at your school districts as the biggest buying pool has kids.