I just finished Turner's book on rental properties and hope to gain further insight on Investing with No (and Low) Money Down.Cheers,Chris Henderson

Also, I’d would test the water with a really low offer, and make sure you get your due diligence done.

I actually just bought my first home last year in Montgomery County, Maryland (a condo with a low condo fee using an FHA loan, not a super great deal but very reasonable).

So a friend of mine, who is not into REI, has sent me a couple of off-market leads through his family/friends, which is great but I'm currently low on funds to close the deals. 

Greenville has super low inventory and lots of institutional investor activity.  

I bought my first home last year in December, mostly to get out of renting (it was a condo in Montgomery County, Maryland with a low condo fee, not a super great deal but very reasonable).

@Nicole H  I do think its niche but it seems to be growing, also a great alternative to low income housing.

I'm trying to be realistic in the properties for which I look, where I would not have enough to bring to the table to partner up on a fourplex in NY, but central NJ for low six figures would be much more palatable. 

Then we found that our state landlord association offered a cheaper option as part of membership, which is very reasonable for a low number of units owned.

He currently places a very low value on it based upon your conversation.