The cost of living is extremely low compared to other cities and you can still many many positive cash flowing and 1% deals here.

A joint venture could end up being great for you, as far as entitlement, development and building are extremely difficult to do and risky. 

NOTHING CAN.The ONLY way to consistently get in touch with motivated sellers is for you to make it extremely easy for them to find you.Why?

God bless you all Extremely smart to be patient!

It looking like a hoarding episode nightmare.Literally two hours after seeing my property in that extreme trashed state, this nice fellow calls me with threats.

The contract price was $339k less the concessions.The other difficulty for this deal was that the purchase price was well under 1/2 the exit price as the rehab was extreme, therefore, the lenders all had their red flags waiving high on this deal.I met the appraiser and provided (on the day of appraisal, not before) the following information: Comps I pulled with photos and descriptions of each, list of repairs with costs and invoices to back it up on my rehab, and letter of explanation of the acquisition price vs. the contract price.I also had a nice conversation with this appraiser over the phone the following day explaining my sympathy for how hard they have to work and how the HVCC rules have really screwed them.Wouldn't you know it, the appraisal came in at contract price which, in my opinion, was very generous.Then, just before closing and after the buyer had already signed loan docs, the lender comes back with "we need a second appraisal.

Mortgage Heroes in Chula Vista were extremely helpful in brokering the loans to fund this project!

I am being extremely careful in the current market.

This is extremely unlikely with a larger carrier.

I invest in Detroit for myself (12 doors) and am extremely active there outside my own stuff.Happy to connect and talk about my experience in that market.