Anyway I did speak to the owner, and the after going over the expenses it seems that there is no cash flow at all, though he was trying to tell me other wise, and kept saying things were picking up etc.So, that def was a no go, thanks for all your help :)

REO's in my neighborhood are getting picked up within days instead of months.

The recent agent said now the sales here are beginning to pick up.

I look forward to picking your brain and perhaps developing a profitable relationship in the future.ofGift, Tuscon is nice I have family there but...I have family there...it's nice during the holidays you understand...James Young

Own a duplex which I live in at the moment, but looking to convert both sides into rentals and picking up some more properties in the future.

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.