And back when we bought REOs from banks after the 2008 crash, they wouldn’t even consider one.Of course, with such properties, I would still recommend doing an inspection, especially for new investors.

I live on the beach in FL,  I see what's going on. 1st the condos are going to crash.

Joshua Tree is definitely interesting selection - probably destined to be a very volatile rollercoaster market - trends toward big overheats and then big crashes after over-builds, people that can time the bottoms over a long time frame can probably succeed very well

Recommend: target Class B properties, maybe Classs C+ in gentrifying neighborhoods.Run your calculations BACKWARDS to determine the purchase price for the ROI YOU WANT.Make that offer.Repeat as many times as necessary until an offer accepted.Before the 2008 Crash, we used to plan on writing 100 offers, to get maybe 10 accepted, to actually close on 1 property.It takes work to be successful!

But once you go down that slippery slope 99% will end up making it worse and then crash spectacularly. 

Compared to Vegas and there is hardly any land left so you wont see the same dynamics to Vegas as you did in the Crash..

It’s time to fly and create the prosperity I seek or crash and at least know I took my shot.  

Joshua,Thank you for this crash course. 100% ii was using PITI as i do with my single families, i will adjust and look at that.

At least, that was true the last time I checked, which was probably in the middle of the crash, when there were so many foreclosures to be bought.

Always funny hearing statements about the "bubble" popping and house markets crashing, etc.