And do not forget that the money are still cheap (low interesting rate)...

They purchase a bunch of houses in the rough side of town very cheap and rehab them beautifully and then sell them to some one who wants the investment for cash flow and that can manage the risk.

I am interested in this 32 unit for cheap. the guy is out of town and seems very motivated.

If you are looking for cheap, nothing is cheaper than gravel.

It's definitely not a great area, but the houses are cheap and appear to be able to rent out at reasonable rates (albeit to lower quality tenants).  

You need to go to the tax assessors website for the area and look up the property tax bill.In the heart of Atlanta the dumpy cheap houses actually have thousands of dollars per year attached to them in some cases.Make sure the owner of this property is not a senior.

I am not interested in some cheap plastic shed or similar (sorry, no offense).

Right now rent is cheap.

Read these first: "Think & Grow Rich" by Napoleon Hill"The Millionaire Next Door" by Thomas J Stanley"Four Hour Work Week" by Tim Ferris"Rich Dad Poor Dad" & "Cash Flow Quadrant" by Robert KiyosakiHow to Books for Real Estate Investing in Particular - When you've built the foundation, I'd recommend "The Millionaire Real Estate Investor" by Gary Keller"Creating Wealth" by Robert Allen "Investing in Real Estate with Lease Options and Subject-To Deals" by Wendy PattonCheck the local library first to check them out, if that doesn't work buy on Amazon for kindle or go to abebooks.com for used books on the cheap.

I'm making this purchase so that I can enjoy communicating with my network, take better pictures, and be more productive than on the cheap and slow phone I have now.Also, I love Craigslist.