Much of the 'low-hanging fruit' has already been taken. 

Granted, there will be other financing terms that will juice up your return: interest only and longer amortization.For Los Angeles, the play would be value add/opportunity driven.

It's a focus on the big picture, our insanely wild goals, and not allowing our day to day whirlwinds to deter us away from achieving what it is we set out for in the first place.Fortunately BiggerPockets is filled with like minded individuals who understand the quality of fruit that investing in real estate allows us to pick.

What goes around comes around" Treat people with respect and fairness and you will have a more-fruitful and happy life.

Apple Bananas, Plantains, Coconuts, papaya, Starfruit, dragon fruit, limes/oranges/grapefruit, Avocados, Cacao (you can eat the pod itself, versus just the chocolate), Soursop, Custard Apple and others planted last year, starting to take off with the rainy season. 

I'm just looking for low hanging fruit in blighted neighborhoods and would like some opinions.

I wish nothing but a fruitful journey for you and your career. 

The general pattern there is that they juice up the profit margins on FHA/VA, because they can get away with it. 

It takes months, maybe a year or two to see the fruits of your labor.

It could be tough to establish that relationship in the short term, so this deal may fall through, but laying the ground work now can be fruitful in the future as well.I would seek out local RE investment facebook groups or meetups (if possible) and start talking with other investors in your area.