It was the worst house in the best location. 5 acres just above a lake outside of a desired town.

LTR could get $3200-3400.3-just purchased in August a townhouse in Costa Mesa California 3 miles from the beach walking distance from the back bay great location.

@Felicia NituConsidering the land in an area like Sycamore Square can only be bought at a premium, the ROI is not really accurate.A property in a good location in the Sycamore Square will cost you upwards of 1.5 million.

Our group works with a lot of investor buyers in both locations you mentioned.  

You control a 1.5M asset for $35k and get to live in an amazing location.

Hi Matthew,I am located in Roseville CA which is just north of Sacramento.

I personally would not invest in detroit as historically its not a appreciating market and for cash flow and I invest primarily for appreciation - I go off the location location location mantra. 

Location of property How did you find this deal and how did you negotiate it?

My area for example has to have certain signage and an emergency shut off button located directly by the hot tub. 

But, it may not offer the ROI as other locales, and it may not be "fun" like buying in a favorite vacation spot.2 - The highest ROI folks - Self explanatory, will go where ROI is high and/or regulation low.3 - The second home/retirement minded - These people are looking for minimal ROI but want the house in a specific location because they like to use the property and want it to pay for itself.