Seems that things have slowed down, but some areas are still popping with low DOM for properties and demand still strong.

Mom and Pop/hobby  landlords in many states are easy pickings.

And for 5 to 25 units, most of those were built in the 60's, and lots of those during that period only have one water meter, sometimes one gas meter per building as well, and lots of mom and pop owners pay for water/gas/sewer.

This deal just popped up today and I cannot pass it up. 

@Kenneth McKeown, I see your name pop up quite a bit in that Dallas post.

Make that kitchen pop!

So I am still learning how to word everything correctly. so please bare with me.Lets say a person makes 15,000 a year before taxes and wanted to get a property to fix and rent out. in southern California. lets say the person used a hard money lender to obtain the property, and sources for the rehab and closing cost + extras in case anything pop up that needed to get done.now that the rehab is done and the house is ready to be appraised, rented out with a management company and refinanced. would there be a way to refinance the house with that low of an income ? 

Perhaps update some appliances - lighting - etc. those things that are quick and easy and make things "pop"!

I did a quick search and so many options popped up.

They spend everything they've got to make their first purchase so they have nothing saved up for the unforeseen issues that always pop up and they're still practicing the same bad financial habits they always have.It's beset to have a strong foundation with good credit, an emergency fund, etc.