Quote from @Edward Barrett: New investor here trying to stay in my local market (Dayton, OH).Since I've started looking for my first deal I've come across a few section 8 properties that seem to pencil, but I'm a bit loath to jump into that kind of deal.

How are you coming up with that much larger market rent for all those units?

Quote from @Brandon Morgan: If you screw up a deal with a friend or relative, you will lose money and the relationship.

I'm looking for ways to invest in up-and-coming markets in Southern California, such as in San Bernardino County and Riverside County.

It works I agree - the key is finding the right person to do it.

How much are you having to pay the management companies?

I personally don't know of their group but figured id link that article since i remember reading it and the name clicked. 

The options are, demo the lot, split the lot and then sell 2 lots to the builder or build myself.

Purchase price: $115,000 Cash invested: $42,000 Sale price: $168,000 Unfortunately, we bought this property as a buy and hold property, and our research led us to believe that this neighborhood was up and coming not in a bad area of Jacksonville.

Then I put about $45,000 in fixing it up and I expect the appraisal to come back within the next couple of days at $240,000 or higher.