That implies to me that the true answer is closer to what my answer is: It's where I live.

This implies the coastal So Cal investor must be committed to the long term return because the first couple of years will be the worse in terms of cash flow.  

I think he implied lust of money.

If you ignore the issue after it is brought to your attention, that can be seen as implied consent.

@Sam PantYou can find a lot of information about any trainer in the note investing space.Personally to me the best education is taking your $20k and buying a note vs giving it to someone to teach you but some people do need hands on trainingWhatever you do - NEVER ever ever ever buy a note from whoever trained you as your first few deals

(Sidenote: this is why we love the ADU or basement apartment for our buyers sometimes more than a duplex, because if you're house-hacking, you can often squeeze more out of an STR than you can a long-term rental.)Anyway, an ADU (accessory dwelling unit) -- as the name implies -- is considered "accessory" to the primary use of the home.

I wasn’t trying to imply that stocks are inherently bad either and, being younger, my tolerance for risk and need for a higher return is much greater I’m sure.

"pre" foreclosure implies it has not gone through the entire process, to include the sale at public auction, or judgment through court.

This implies I will achieve a better return on replacing the old and broken cabinets.To answer the OP's question, a rehab can produce positive return above the cost of the rehab for a condo (just as it can for a SFH) but it has to be done with various skills to ensure a good return.  

As others have implied, $4k really is very little per month when financed over 30 years.