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If you can buy the houses in cash and have very little liability then its worth it.
This is part of the housing problem. People started buying houses off HELOC, refi's etc and thought they could rent/flip them out and it back fired and now we are in the mess we are today.
If you can pay cash for a few houses right now then its worth it, in 5 years you could sell it for double your return + collect rent along the way.
I have properties in 3 different states in 3 different markets, all of which markets are turning up and more houses are selling. Last month new home sales rose unexpectedly. We are either at the bottom or very very close to it.
Most of the foreclosed homes etc are being bought up right now, so there is more being sold than coming on the market in that area, once the foreclosed homes gets under control the rest of the housing market prices will come up because the houses will not have to compete against the foreclosed homes.
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