The premise of the blog post is that you can randomly pick a city, analyze its financials, identify strengths and weaknesses, and then decide if you should take a deeper dive and start identifying ripe neighborhoods and potential properties.

yup.)My biggest regret in (my financial) life was not  not picking up the homes that went into foreclosure in my neighborhood back in 2007-2008.  

Hit him up for coffee and pick his brain. 

Pick up broker which fit you best,  advertise yourself as much as possible, make a name, get a few properties under you name, and then star planning on legal entity. 

I can't wait to pick some brains :)Thanks everyone,Johnny

So i was thinking...there's a conventional loan program available to me that only requires 3% down, and I can finance the remaining 97% over 30-years @ 3.7%.Would it be crazy for me to pick up a property, and seller finance the property to one of these Hispanic buyers @ 20% down, financed 15-year @ 10%?

Great way to pick up some good info and possibly a deal.You can also search NARPM.org for the RMP (Residential Management Professional) and MPM (Master Property Manager) certified.Download BP’s newest book here some good due diligence in Chapter 10.

If it's low equity I generally show them -Selling w an agent, paying 8 to 12 per cent in not just commissions but closing costs, sellers concessions, waiting to sell costs, like PITI and utilities, and spruce up costs like fresh paint or mild landscaping-Renting, paying a property manager, risking damage and eviction costs, lost rent-option one - Owner finance - I take over PITI and maintenance -option two - I find a lease 2 own buyer for free, 24 payments, then house mortgage is paid off, you pay insurance and maintenance Seller picks his solution If he picks option 1 or option 2, I tell him how fast I can do it, and I dictate terms, I am the solution provider

If there are any local investors here who would like to teach me the ropes and meet up locally to just let me pick your brain, please let me know and get in contact with me somehow.  

I would see if that seller, your PM, is willing to consider picking up a part of the replacement expense, since you received a credit for less than half the replacement cost, but two years is far less than half the life expectancy of a roof.