@Charmaine M. marked rembert does raid some good points but for a buy and hold if you wait and search for the right deal you could do very will in Jamaica even south ozone park simply because I remember before I moved out of nyc I had friends living in what was affordable but undesirable areas like bush wick east New York and Canarsie....

We re-did my hardwood floors 2 years ago and my nice 90 pound black lab has already destroyed them again :(I let one of my tenants paint their living room & bedroom last year, but that's the furthest i'd ever go with tenant DIY.

I read somewhere that it is often undesirable to deal with properties represented by a broker when wholesaling.

Now, you have cheaper properties, undesirable that don't contribute to a tax base and could well be that they will have more in expenses as well as liabilities exceeding the taxes received.

Just wanted to provide a little inspiration that there is still money in metro CA if you're willing to pound the pavement to find them, then make 'em your own!

I have the rare luxury of 60 days notice on a unit, and was wondering if renters think an ad up for a while is stale and undesirable?

Quit investing in undesirable areas.

(Between franchise and leadgen fees, I netted a pitiful 28.5% on those leads)It's really hard to pound out your own phone calls when you answer a never ending stream of telemarketing calls and those who just want to leave a message for the broker.Walk-ins and call ins as new leads (the supposed big payoff for desk time) were virtually non-existant.  20 years ago, sure.  

Do your research...On another note, i do tell my owners who want no pets, that to allow 20 pounds or less will lead to more applicants, and less people hiding dogs from the owner.

The seller knows it is undesirable to hold through the Winter, but sometimes doesn't know the real cost in terms of actual dollars.Consider taxes, insurance, utilities, HOA if applicable, estimated upkeep, etc to come up with a specific monthly holding cost for the property.