:D Dawave, it sounds like you might be looking at a "war zone" area, which I would recommend staying away from.

He bought from me for $180K and still had some equity in it according the appraisals we had done.Now 3 and 4 units is usually about as close as I get to the residential investing (I just don't care for SFR), but I know a few guys who regularly see similar numbers on their deals and they swear by SFR investing.The biggest key to being successful down here is that you really have to stay on top of the deals as they come on the market because the really good stuff is usually gone within a few days.Originally posted by "reloaded":Please post some of the deals...ie pricing etc.

The amount of business they miss is tiny compared to the mainstream deals (retail buyer who expects to stay a while).

We stayed in Palm Springs and we loved it.

In the process I discovered that the inflow to the tank was feeble at best.

I understand the absolute necessity for me to make offers this low to stay in business.

your skilling in fixing is time and cost of saving laborhigh cost states such as calfornia, new york and hawaii. labor cost is too expensive unless you can do the work yourself. however, states such as texas, new mexicolabor are cheaper and but the risk is if you can able to move the property(able to sell it)test your market first.... slow moving states i would stay out unless you have a buyer...it make sit for months or years. thankssunsmicro

There are three options for longer term stay:1.

I would advise everyone to stay away from these two firms as I have no idea how many other innocent homeowners are being singled out as we have.

I have earned some great short term profits, all while staying on course for the long-term.