1) Price: $249,000 (duplex in class b, c area/San Diego, CA) Shortsale and appraisal came in at list price, orig. owner purchased for $475k in 2005 Owner pays utilities, tenants pay elec., gas 2 units rent for $1200 a month.

For just $3,700 a day, you can make a difference!

http://www.youtube.com/watch?v=qDC0qcf0kzE

I love the line: "Everyday, he has to walk more than 50 feet to his waiting limo!"

Pick a target area and start looking.

I was originally considering trying to buy a house (for myself, to live in, not an investment) this fall but now that I am seeing such cheap rentable homes in areas like buffalo, I am thinking about staying in my current apartment for another year or two and picking up as much property as I can be approved for loans to purchase.

Class actions abound and won't this be one grave injustice on top of another the rebuilds in Louisiana after Katrina are involved.

Here's a link to some Soviet Propaganda from 1963 showing you just how they used class envy to sell communism to their people:http://www.youtube.com/watch?

In this "better area" you should have a better choice of tenants to pick from as well.

Just out of curiosity why have you picked Indianapolis to invest in?

The bigger you spread yourself your resources get spread over a larger area. pick a middle class area too

LOLI have never been one to step over dollars to pick up a nickle, and I feel that there are better things to pound away at when negotiating!