This is more important from abroad.The last point that I would make is to find your niche and your value proposition.

When it comes to this type of Marketing, it is about the message/selling-proposition, not the appearance.

My question is...Is this a doable proposition?

They are two entirely different value propositions.  

well your subsequent description of the deal is far different then your original.now I understand it as a tear down.. lot value 50 to 60k  Minus what ever you have to pay to tear down  ( our area 15 to 25k if there is any asbesto's or lead that could double.)so it looks like the value proposition is not a heck of a lot more than the 10k your talking about.your fist post made it sound like a fixer worth north of 100k that U were going to snag for 10k.. big difference.

@Jill Herges This is great and scary proposition.

I have a proposition for you:An hour of coaching:  I would like to offer 5-7 people the chance to spend an hour with me on a group conference call, where you can ask me any questions you have about multifamily real estate investing, and I will do my best to answer them.Why I'm doing this and what I ask in return:  I am preparing some educational materials for people who want to learn to invest in multifamily real estate.  

hi there i have been going over so much of what BP offers that its overwhelming. i have turned down all the noise in my head and arrived at the following starting out proposition - really looking for others who may have started out this way or can share their experience.i have a home in southern california for 6 years. will stay for another 4-5 years more there. both my wife and i are on the deed but i have the mortgage.TO start out, i am thinking to start the investment in southern california.* buy a home at least 50 miles away as a vacation home. * one under myself and another under my wife's name.* assuming a second-home loan applies to each of us.* put down 3.5-5% so as to preserve my capital (for out of state for instance).* rent it - to cover all expenses; not looking for cash-flow* this is more for experience and confidence building* this is a buy-and-hold, not a flip - house is newer built (2000+)Now I know that only after finding a home and looking at everything like P+I, expenses, taxes, and rental income will someone truly be able to assert if its a "good deal" but I am more interested to know if this strategy to start out makes sense and it would be nice to hear from some folks who have done this so i know how they felt about it as they got more into investing.thank you!

It's a risky proposition for a local investor to invest in these areas let alone someone many hundreds of miles away.

This makes it much more lucrative for you, in the event that you do comprehend what makes an extraordinary proposition!