Anyone know any deep pockets looking for a 5 story mansion with a 6 car garage and an elevator overlooking Newport Harbor?

Boiler inspections (and elevator inspections if not a walk-up).In my practice, these are usually the areas that Sellers of property need to deal with if they have been neglecting the premises. 

They are.Moving the elevated highway underground and building a beautiful city park over it.

C-class investments generally offer a 12% or higher return but based on the elevated risk involved, these numbers are tough to achieve and even harder to maintain.Hope this helps.  

Come up with a 30 second elevator pitch explaining what you are looking for and what you are bringing to the table.  

Don't be aafraid to spend if you need to elevate the level of the property.If sale price/sf is high enough, consider adding another BR/BR, especially if you can make a really nice master suite.

Persons who perform lead-based paint activities within residential dwellings they own and occupy are exempt from the regulations unless the residential dwelling is occupied by a person or persons other than the owner or owner's immediate family while these activities are being performed, or a child residing in the building has been identified as having an elevated blood lead level as determined by the United States Department of Health and Human Services; Centers for Disease Control and Prevention.It was in these FAQs... 

Anything west of Westshore will require flood insurance. the only exception is new construction as long as it meets elevation requirements. the same goes for anything east of MacDill in the SOG.

The real money for these folks Is in doing the GURU seminar business when they elevate to that level. they make 5 to 10 million a year.. and all is good for them. and they could care less what anyone thinks of them.. and any on line bashing is just a little nat to them.that's were the money is made  its not in the flipping of homes.I personally flip more homes than any TV guru by probably a factor of 10 to 20.. and I don't make 10 million a year.. but I don't starve either  LOL 

However, I do still feel like there's elevated risk involved because by sitting at the highest end of the retail/rental market in the area, finding and keeping tenants will be problematic.