hi I want to buy real estate when prices go lower. I want to buy a house, not a condo, because most condos have HOA and I don't want to deal with HOA, I have heard some horror stories about them. my goal is to rent it out and collect some $ every month. when I daydream, I imagine renting my property to 3 people, each one paying me $500 a month. wow, that's $1500 of passive income...imagine the things I could do with that. I could go to a nice restaurant....I could afford nice clothes....wow. With the amount of money that I have right now, I can't afford a good area. The best house that I can afford is located in a bad neighborhood ...one of those places where there is a robbery every night. If I go further out (like 4 hours away) I can find decent houses, but the supply is much greater, which is something I don't like.. high supply = lower chances of renting... Then there is those states where housing is very cheap...for example, I have heard you can buy a really nice 3 bdr house in Texas for 100K. should I buy in Texas? I guess I am just confused because I don't know anything about real estate. my question is, how do I know where to buy, which area, which property, what to avoid?