When you meet the right people your really just increasing your own luck.

"This proves once again, that BiggerPockets is more than just a site for social networking or real estate education and information; it is a site that helps offer solutions to the increasingly complex real estate and economic issues of our times," says Joshua Dorkin, founder and CEO of BiggerPockets.com.

In the eyes of our ever increasingly socialist government, I don't need the money I make.If anything does arrive I will throw it into the trading account.

Cities are increasingly passing "Nuisance" laws that hold the landlord responsible for the behavior of the tenants.

Depends on what happens to the properties, as it has been said earlier, supply and demand.Becuase of this mortgage mess , in my area, rents have gone up a little.More people want rentals with a little increase in supply which means increase in rents.

State law restricts increases to 2% of the property value per year for "inflation adjustment".

The whole premise is to advertise it really low to attract a large pool of buyers and then they bid up from there.

I don't think I'd have any problem attracting quality tenants.The contract is for $92,500.

Now, you must still have what the folks are looking for and be able to write great ad copy to attract them.

Once my reserves have increased I will branch into other acquisition strategies.Thanks for everyone's warm welcome!