I really like the Indy and KC markets because I bought 4 houses for an avg of $50,000 each and they rent for $800....to me, that's like buying 1 property for $200,000 here in the LA market and getting $3,200 in gross rent...it's literally impossible here. 

It's hard to convince a bank that you want to move into a unit after living in a whole house (not impossible, but hard).  

This is good for a lot of reasons… first, I believe that it’s impossible to determine the condition of the unit when it is still full of stuff.  

I get that they want to dump the property, but something about this seems impossible. 

Here it is nearly impossible to get financing for one, and the rental demand is hit or miss.  

@Matthew Shelton You'll have a hard (not impossible) time finding a bank who will do a loan when there's a second lien, so look for investor friendly lenders, and you'll have a hard time finding a HML that will take a second position... but for that, contact @Jahnae Allen - that's what they do. 

Hi, BP WORLD can someone please explain to me why some buyers want to buy for $5,000 and only want to do $5,000 in repairs, this is not logical to me, if you buy at this price you have to know it needs a lot of repair...

Right now its almost impossible to cashflow with SFRs and the Rehab market is also very competitive.

Yes it is complicated but not impossible, I did it.

I tried to figure out what they would use as comps, but every property they used was in a different neighborhood, so impossible.