Admittedly, this is a riskier proposition when looking at straight investment cash flow, but I think these areas still have a lot of potential for appreciation, since the prices are quite low right now and there is only a limited supply of beach property.

Scary proposition but I have done this a few times with auction.com and currently have a contract for an occupied property.  

If someone's curious, they can check out the site, and that's where you drop the real value proposition.

Is this a good HML proposition?

 $40,000/door in apartments is a much better quality proposition, in terms of desirability, than is a $40,000 SFR

Out here in the city of the angels (Los Angeles) many renters are former home owners that lost or walked away from their upside down hyperinflated homes.So the credit ratings I have seen look like 10 miles of bad road, and while income is stable at 3x we have had to evolve with the market pressures.So it is now a big picture proposition (how we look at prospective tenants).Hope this 0.02 has helped,Tevis

Owning a house worth $185,000 that rents for $1,150 is a losing proposition from the start.

For those reasons, I've drifted out of both of those and ended up working with Chicago and Houston where the all-around value proposition is, in my opinion, awesome.Happy investing!

CA property tax assessments are determined based on proposition 13, which basically says assessment s/b "... the full cash value

Ann Bellamy I would definitely appreciate tips on Central MA property managers you'd recommend working with.I am looking to buy a multi-family home, although I would be open to alternatives if a deal with a better CF proposition were to come around.