To illustrate this there are probably 50+  active MLS properties in North Philadelphia/South West Philadelphia and other lower tier neighborhoods at any given time where you can complete the BRRRR  method but the real estate is lousy.

We have 2 class A/B+ properties on the west side.

I’m on the west coast so pools are often a selling point and can charge more for this feature.

But its in East Cleveland  So if it was west cleveland it would have been quite a bit higher priced.   

WEst coast  OR WA AZ NV CA etc is all cash on the barrel head there are no deposits and no over bids.. winning bidder presents the cashiers check and they have won the deal on the spot.

So agree probably taking advantage of those that want to break into lending and your right 1 mil in CA is a drop in the bucket .. 1 mil in the mid west can be 8 to 10 loans not one like CA..

Here are some of the areas that I focus in on:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), Bedford

Will Platt II (who owns The Vault and The Bank on the west side) is the ring leader behind it along with one of his brokers who goes by Byron Raines Ellis. 

Quote from @Felicia West: Hi there!  

The surrounding neighborhoods (West Passyunk, Girard Estates) currently have pretty strong fundamentals, although weigh towards owner-occupied.