Hello BP, as a young investor with little experience these days it seems I only have questions. Today my question has to do specifically with short sale.I have an opportunity to capitalize on an amazing duplex with so...

My initial idea for this property was to hold it as a rental unit for a few years then flip it as the market was growing at a rapid rate at this point in time.

Sometimes the winds are against you, coming at you head on.

I have read a few books and went over tons of scenarios in my head and know Im ready to get to work on my road to financial freedom.

Those motivations combined with your numbers will get you, or should get you, a number in your head.  

Storm drains from the main street were undersized so we would get what looked like river rapids flowing past our house during major storms.

(active listings at 28K down almost 2K from 2014) My thought is people wont sell if they can't buy.This does not seem like much, but given the market was heading up like a NASA rocket, this seems like a stumble.

Thanks everyone for the heads up, very helpful information Eric.Just curious, has anyone heard of ways to locate hot spots in different states or counties?

On the monthly visits I think Josh has Brandon rapidly clicking 24hrs a day....... : )

You hit the nail on the head when you mentioned in your original post that you can fix up the units, but not the entire area.These kinds of properties are not worth the hassle in my opinion.