But it seems like the newer ones that have brought in that orange clay dirt don't have nearly as many problems. 

I invest in Orange County which is still very very expensive by national standard and I don’t generally spend much over 200-250k/unit.

Hello everybody,  I relocated from Oregon to Long Beach about a year ago for a job and I'm considering making a purchase on a multifamily as a primary residence.  First I'd love to meet some investor/rehab specialists...

We painted the exterior accent white instead of the orange.

I'm not a tax man by any means but (I think) you examples are comparing apples and oranges.

You can take that money and finance another condo that you can fix up and live in, (thus resetting the 2 year timer for when you can cash out without paying taxes).Ideally, you could do something along the lines of house-hacking, but multi-family rentals in orange county right now is priced pretty high, and its very difficult to find something that cash flows  (Although with a 100K down-payment, maybe you could make something work).Keep up  the hustle!  

@Steve Yang @Dotan CooperBe very careful with section 8 in Indianapolis.

@Steve Yang..Did you find what you were looking for yet?  

East of Downtown LA, near Orange County.My plan is to purchase at 3.5% down (FHA) & within 2-4 months, take out a second, as well as use some private lender money to build.

Curious if any BP have any experience with buying rental properties in the East Orange, NJ area.