Originally Posted by Barefootsies

Yep, I am looking at rentals myself.

Last year I had thought about it, and there were maybe around 50 houses in the $20-75k range I was looking. Two days ago I ran a search, and there were over 200! I was like WTF?!?

Some of them were in decent neighborhoods, and some needed some work. I have a handy man who can do the work cheap, but have to try and get more of my house done before taking on any projects like that.

My goal is to grab two of them for cheap, put my sister in one of them, fix it up while she is there as a renter to make the bank happy, and then work on next one. Around here you can get $750.00 in rent for a small bread box type of house.

If you are scooping them up for $20-50k, you are making a decent profit.