Difficult to find deals, but if you can, in the correct area of the island, you can generate a couple hundred thousand in 10 weeks with a SFR.

Big difference between trimming fat, and dissection. 

These people have no concept of cholesterol or saturated fats lol So gross so unhealthy . 

Taking out financing adds risk to the deal, but can in theory pay off very well, and allow you to scale a business much faster.

We paid off our primary, then put a fat heloc on it as an opportunity fund.

Inspected the property, 25k in deferred maintenance at the least, windows, foundation, laundry room needing cleaned up/updated, exterior of building needs painted, apartments updated as people move out.Lower C class for sure, but can be built back up, I’m good at those things.Made offer based on current rent, differed maintenances, cost of money, insurance all expenses are up, lower end of the economic scale renters, cost of living way up, so a downward pressure on their money, not much room for rent increases.If building had differed maintenance repairs done as described above, I believe to building is worth 225k, wont work at the 8% I was quoted by the bank a couple a months ago.Offered 200k explaining the deferred issues to owner, a big fat NO, was the reply.LIKE OTHER SELLERS IN TODAYS MARKET MOST ARE STILL STUCK ON NUMBERS FROM A FEW YRS AGO.Read books by Steve Berges and Brandon Turner, RE; creative financing strategies.

You can in fact 'own' and develop here for the cost of an annual lease in Southern CA or beyond.

I was looking in the Fat City area and was wondering if this would be an ok area for an investment property.

Buy everything I can in cash.

If it's true, areas near there hopefully could become profitable in years to come.Thank you again for your support.Sincerely,Jake Burkons I am buying everything I can in parts of East Cleveland.