They are typically mid century 1 story with basement type deals,  where they put the staff quarters and utility stuff in the basement and have the residents upstairs.   

Your WORST case scenario is then that a second once-a-century Great Recession hits (...), a bunch of idiots "strategically default" and allow their homes to go into foreclosure, and those foreclosed upon people are your new tenant applicants.There are a lot of BP members on here that purchased in 2007, rode the storm for a decade, and are now sitting on hundreds of thousands of dollars of equity. 

I found theres two types of REO Agents. 1) The REO Agents who works for an 'asset management company' (ex: Century 21 REO Management LLC).

The US dollar has lost over 96% of its buying power over the last century.

Or it could be because the houses' architecture is unique (Such as turn of the century houses) that the area become trendy.

century 21 Castelli in Garden city.  

Backstory: I have a rental (2+2) condo in Century City (Los Angeles) which is a relatively high-end rental market.  

Thank you, @Ross McKenzie for raising the question and for those thinking more deeply about what responsible business in the 21st century can really be. 

Jon, you have to be in this business.The second you loosen your grip or release some line, you get taken for a ride (an unenjoyable one at that)There is ALWAYS the deal of the century next time.Who knows, this one could fall through and you could be first in line.

Hello, i came across this site about a week ago interested in Real estate, coasting through the forums and searching for material that could help me gain some knowledge or give me a head start in the right direction.I came across a motivational thread on books, so i went to borders, bought rich dad poor dad - Read that book in about 3 days ( very inspiring and a eye opener ) i am currently reading Think and Grow Rich, by N.Hill and re authored for the 21 century, interesting but a motivational book at best, after this book id like to read some books that i can actually get some hard knowledge on the subject, im just not sure how to start, where to begin to read?