C- or D?

Never bet on a loan before you have it without a healthy margin. 

Also, I’d bet on the stability of a Bay Area home over OOS right now, as markets are high almost everywhere.

I don't have enough reserves to bet on a continual appreciation with a negative cash flow.I have so much to learn, at times I feel overwhelmed but i'm just trekking along doing what I can.    

That is if you thought this area was a good Blue Collar C or B class area by what the agent told you.Swanny

They are in the mid $100k and are about 10%-15% from 2007 in good neighborhoods.This isn't a bet on appreciation as they still cash flow but moreover future planning/selling.

what class neighborhood, that matters alot, if c- or D I wouldn't take it. 100% loan for 3 year locked I dont know about that.

@Charlene Chow REO and foreclosures can certainly be a solid bet on diamond in the rough properties, but those props generally just that..."

It's sometimes hard for an agent to find what you want if you just give them the general criteria of "between $50k-$100k in a C or B neighborhood"Look at Crime data on Trulia to see where the good and bad neighborhoods are.

If you are investing in c or d neighborhoods, you will probably want better than 1%.