There are risks too, when buying condemned and burned-out houses because you may not be able to control the environment where these properties exist.

I would like to purchase a three or four Plex and live in one of the units.I understand I can use an FHA loan or conventional loan with only 3 to 5% down in order to get into the property however I live in a very expensive area and the properties I am looking at are currently 700+. 

Here’s why this market is so ripe:1️⃣ Mom-and-Pop Sell-Offs at Huge DiscountsA lot of these properties have been in the same family for decades, but now the kids aren’t interested in taking over the business or the real estate.

I own just at $8mm in real estate here across 25 or so properties and am an agent.

Quote from @Amol Kulkarni: Has anyone used Homeriver Group Property Management in Jax and Citrus Spring.

the  I have seen a lot of properties come and go.  

I previously owned rental property but sold them and am now looking to get back into real estate investing.

The property will do very well over the long term.

With over 30 years of experience in Commercial Real Estate, I specialize in the sales and dispositions of investment properties across Los Angeles and the U.S.  

We host investor tours onsite at the property once we've completed some of the major renovations.