If an area that cash fauxs is only selling at 5 times gross rents (say 1,000 rents selling for $60,000 5 GRM) but the same market rent of $1,000 a month is selling for $120,000 10 GRM ya gotta ask yourself why.  

I can't speak specifically to the markets on this list, @Chris Clothier, but I can say that here in California the vast majority of foreclosures are still in the 2004-2007 vintage loans.  

Hate to break it to you, but a profitable investor is the same thing as an "appreciation gambler" as you call us.The only (read again: ONLY) folks who have become rich by investing in midwest cash flow (or is it 'cash faux'?)

However, many circa-1900 midwest houses, as an example,  originally had painted, Southern yellow pine floors -- faux and decorative floor paint techniques were not at all uncommon in lieu of more expensive materials.

Pawn shop, but need something of value (jewelry, guns, electronic devices)5.

I think it is about 20 yo, it is a Kenmore and the washer seems to be similar vintage, that we got used some years ago.

I'm looking at a 1800sf duplex building here in North Central Illinois. Built in 1980. Both units rented at 575 apiece. List price is 130k. I've done my number crunching/calcs and the comps/analysis indicate similar t...

Hi Jason,Interior value-add:Upgrade to black, faux SS, or SS appliancesTile backsplash in the kitchenNew cabinet doors or new cabinetsNew cabinet hardware (door and drawer handles)New countertops or resurface countersInstall modern light fixturesInstall new bathroom fixtures (faucets, shower heads, toilets, vanities)Tile surrounding the tub2" blindsVinyl wood plank flooringUSB outlet portsExteriors/Other (for a 30 unit - you have more options when you are acquiring larger 100+ buildings)Rebrand (i.e., new property name) and new signageLandscaping overhaulUpgrade laundry facility roomBalconies or patiosGreen programRUBS

Therefore, I only invest in markets with growing populations, growing jobs, diverse industries, landlord-friendly laws, and a few other criteria.We buy pitched-roof properties of 70s vintage (at the absolute oldest) in acceptable condition without major occupancy problems.

I also use a bonding primer on faux wood paneling to make sure paint won’t peel off as easily.