It seems very similar to the south arlington area in northern Virginia -- where young folks who can't afford rents in north arlington (analog: riverside) go to live.

Go to outskirts in LA if you want a rental, think of riverside, santa clarita, or temecula/IE. generally you don't count cash flow in CA, it's more on a appreciation play.

I'm open to the riverside San Bernardino area as these type of properties are more prone. 

I live in Riverside and am I the Oak Park area all the time

@John CasmonSome neighborhoods we were looking at:-Forest Glen-Edison Park -Bridgeport -Albany Park -Irving Park -Norwood Park -Montclare-Jefferson Park -West Town -North CenterI put in an offer on a 4-unit in McKinley park, but it has a load of violations it turns out and now we're talking about doing a 203(k).

I have an opportunity to pick up 2 condos in Raleigh, NC.  These are b- to c properties IMHO.  Market value is 45-48,000. I can purchase both for 40,000 each (80,000 total).  Owner wants 12,000 down and 600/month for ...

@glen Glen S.

@Glen KnightNYC might be a tad more difficult and pricey but there are certainly great deals in less populated areas that are perfect for buying/selling unwanted rural land.

With your funds I would start in Bakersfield or Riverside areas.

I was in Rochestder and drove around NY through Watkings Glen, the southwest corner, Niagara Falls, and back to Rochester a few years ago for the AWA convention.