Keep in mind some pretty rough areas in LA 10 years ago are now pushing $700 a square foot.

There are two streets north of campus that we have done 14 student rental conversions, turning rundown 2 and 3 bedroom houses to fully remolded high end student rentals with additional bedrooms and living square footage added.There is also substantial opportunity in the older neighborhoods near downtown that have yet to be revamped.

Sold a 3600 square-foot brick house yesterday in one of the oldest, most desirable parts of town for under 250k.  

I've engaged a couple different brokers in the past who promised a lot but didn't put in the effort, and I'm back to square one.  

Seeing that your furnace and water heater are not closed off, I would also add a lease clause that explains that nothing can be placed within 3 feet of the furnace and water heater.

@Kory Clark, get started with the 3- or 4-unit to get your feet wet.  

You used to be able to do a roof over or new shingle roof by yourself, if it was under 500 sq. feet.

This yard is big, but narrow--- 10 feet from house is probably the center of the yard.

That yard is now a private paradise, a place where we can relax, grow garlic, and cultivate our spice garden, or at least it still would be if it wasn’t for the sound of my new neighbors’ barking dogs in the night, their cars left running even in warm weather until the exhaust fills my carport 10 feet away, the metallic clink of trucks be fixed in their carport at 10 pm and later, and the pungent smell of cigarette smoke that floats over the 3-foot tall wall separating our yards and into my front door.Unfortunately the 2005 real estate bubble trouble and the 2007-2008 subprime mortgage debacle changed our neighborhood by filling it with rental homes, many sold at auction for ridiculously low prices, and now owned by absentee landlords instead of owner occupants or local landlords.

Your comment of those that continue to do it have switched philosophies is simply not accurate as you can not possibly know what each of us are thinking, doing, and changing (us being rehab flippers).n I have not switched to major tear downs, I have yet to add any square feet to any property in the last two years, and my niche of luxury market homes did partially come from new market conditions, but it also came as a natural progression of my abilities. i would not place all of us (us being rehabbers) into your one pot, it is simply not accurate.No one seems to be "wondering"why I am pushing spec building except you.