It's very "bread-and-butter" America, and you can get solid returns and cashflow if you do your research. 

, but I view 2/1 as the bread and butter.

It's a different tenant dynamic than many other places.Of course, it hasn't always been this ideal from a supply/demand perspective for landlords, and won't stay this way indefinitely.Why not use your OK houses as your bread and butter and invest opportunistically here in SD if you find something interesting?

@Patrick Connell  works both ways.. with builders here.. they want the least amount up front so their cash needs are minimized on their HML verticle loans.. so they would rather not pay up front and pay full commish on back end.Believe me the top agents that do this have NO worries of these guys stiffing them.. its uber competitive and they know where their bread is buttered

@Charlie Fitzgerald never heard of that, I wonder if I would like it or it would be like a peanut butter and tuna fish sandwich (ie "I like peanut butter and I like tuna fish, so lets stick em together").  

"Working class" neighborhoods seem to be the bread and butter for their model.

However there are alot of real estate brokers that still say wholesaling is better and there bread and butter.

That developers bread and butter is building STNL and not MTNL so they sold to my client with about 4 million upside left on the bone after we finish build out.Excellent area and the STNL developer made a few mill from where they bought it and my client is doing very well with it. 

Other attorneys may do it, but it is the bread and butter of his practice. 

Now I'm selling TK to reinvest and move to flipping..but ...I will continue to buy/hold for the next 10years..those are my "bread and butter"...FYI ..I purchased from retiring investor and it was in great shape!!