I read an article on REALTOR® Magazine that gives 8 points for investors to look for when contemplating a purchase of an investment. I will not go into detail, but the tips given are pretty good and they could be printed out and given to our investor clients who might need some tips on buying. I hope you find this link useful.
http://www.realtor.org/RMODaily.nsf/pages/News2007103106?OpenDocument
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Great! Just opened it in a new window and I am off for a good read!