Michaela's point about perceptions being outdated is a good one --  I had great tenants in my East Lake Terrace house for 3.5 years so didn't go over there much. 

Figure out 2 or 3 neighborhoods where you would be comfortable buying, look for houses in structurally good shape but perhaps a little outdated, and start making offers.Some tips for getting a financed offer accepted:1.

There are also the hordes of millennials and others who aren't making any money due to unnecessary/outdated skill sets or knowledge (I refuse to use the term "underemployed" lol).And I could be wrong about this, but aren't Los Angeles and many other parts of SoCal bad places to look for speculative building or over development?

Outdated electric?

I would recommend wholesalers to focus on off-listed MLS properties and found your own county public records (make sure if it's online public records, they are not months behind and make sure they are not outdated). 

I mean our mentor was literally baffled by how lax our MLS system was outdated and practically unregulated compared to where he invests out in the mid-west.

It sounds good, but I don't want to spend money on another guru that delivers outdated methods.

@David Rivera - You are using an outdated browser that our site doesn't support.

For me, things that immediately turn me off are: Negative cash flow, split-level home, inadequate drainage, HVAC system or electrical is extremely outdate or damage, age of windows, is the roof destroyed?

Dont get me wrong, no houses are flying off the market in ANY price range, but realistically the people willing to live in 50-70k houses are generally lower income, older neighborhoods, outdated areas, older schools, and have worse credit and not as much money down, = IMO harder to sell.the $100-250k price range in most areas of texas can get you nicer older neighborhoods and newer neighborhoods, bigger houses, 2 bathrooms, stuff not often seen at the lower price point.