You should definitely catch it.We are going to discuss flipping and the pros and cons in Elk Grove, West Sacramento, Oak Park and Del Paso Heights at the Summit at the Guild, March 18th.

To summarize, cheaper homes in the County border the City: 1) Gwynn Oak - which is inside of the Beltway (695), north of Route 40, and has a good amount of rentals and many houses in this price range or below. 2) Parts of Catonsville - parts closer to the City, inside of the Beltway, south of Route 40, Academy Heights for example. 3) Also, areas near St.

Even at just 6% appreciation, you'll be adding another $15k or so in value per year, and then you could sell it at the peak of the market if you like and make your money then or 1031 exchange the equity into another investment property without paying capital gains on the profit.One thing you might want to consider is looking at 2-4 unit multifamily properties (duplex, triplex, fourplex) as the lending is the same as other residential and it's much easier to get a return.As far as neighborhoods go, it's really street by street, so you need to look at each property individually and can't just assume a neighborhood is good or bad based on the zip code.BUT -- if you want a general suggestion of areas to look in where you may be more likely to find a good buy, I would try looking in Carmichael, Citrus Heights, Arden Arcade, North Oak Park, North City Farms, etc.

In my novice opinion, this is what needs to be done to the house:Mold inspection/eradication (water damage from leaking water heater in attic)HVAC neglect (possible mold)10 Fogged Windows (house has numerous large beautiful windows that have become opaque due to moisture)Pressure wash exteriorReplace Carpets (approximately 1500-2000 sq ft)Paint interior walls/sand and paint trimPlumbing hardware has all been removed/needs to be replacedPool filled with excessive amounts of leaves/debris (pump is running)Excessive amounts of trash throughout house yard and pool houseLive Oak growing onto roof (arborist needed)New Sod (currently all weeds)Pool Deck ResurfacingGarage Door Openers have been removedLarge golf ball sized chip on bottom of granite on islandresurface built-insExterminatorPatch holes/cracks in walls (about 10 fist sized holes)Many light fixtures missing (10 or so in closets and bathrooms)smoke alarms missingSo, part of me was disgusted and felt very guilty watching my buddy conduct a walk through via the internet.  

@Joy Panebianco the treads look like stained oak (you can get that at HD or any supply warehouse).  

Oak Point Condo Association

My Section 8 unit failed inspection with 45 items, some as small as chipped paint.

I LOVE vintage homes, so I keep a close eye on the greater east end/ 2nd ward (specifically eastwood, broadmoor, idlewood, lawndale, and oak lawn) and more recently the activity on the near north (north-side village up to lindale park) has caught my attention.I'm looking to connect with anyone that's active in these areas, find out how I could get involved, would love to see a rehab of a 100 year old house in action! 

@Jonathan Spaeth I just used Visio lending for a cash out refi on a rental.Lima One and Angel Oak are two others I hear other investors use in Atlanta. 

I use Southern Oak Properties in Decatur AL.