@Ryan Pozzi I like the thought of your post and the conversation it sparked.

I avoid that era of house, unless it has had some meaningful renovation:  Updated electric, plumbing, hvac, windows and exterior work.In conclusion, out of state investors should not be buying class C properties. 

This is not a political statement, this is just pure fact: Progressive policies have completely failed and until they stop implementing them or until the voters stop electing the same type politicians, there will be no meaningful change.Let's stop talking about building shelters.

., risk mitigation begins with every meaningful "business" decision you make, not wrap around legal gimmicks.

It's also helpful to remind myself that luxury is not the end-goal (at least for me) but pursuing meaningful projects. 

If anything, due to fear, rates will continue to climb down, and that will spark interest from home buyers.

In order to make any meaningful progress in RE it takes money.

The only maintenance I had to do was oil change, spark plugs and tires.

I don't have data on ownership breakdowns, but I expect many of those owners do not have sufficient reserves to carry their debt for any meaningful period without revenue.

@Christine Sparks I'm also interested in attending any local REIs if anybody is planning on organizing a meet up for LA investors!