I guess @Joe McCall's entire empire he built from Lease-Options is from stealing from people and not helping them achieve the American Dream.

All thought 2014 was a bit of a dud but didn't see a huge reason why the Inland Empire region would experience a negative 2015.  

@Ben Stout   buy a company airplane that you use for building your RE empire that will take care of deprecation recapture :).. as well as many that have large appreciating assets  ( us west coast investors as you mentioned) we use 1031's... this is how many start small and end up owning big apartment complexes... over time they keep doing 1031's but they are buying assets that can actually be sold for more money than they pay for them.Most sub 30k SFR's  that are bought at market value..

Such is the reality we live in :) So, when a corporation / LLC - Inland, American Homes, etc. - buys a property, whose credit / income do they check?

This is a beach town but the property is about 15 minutes inland. 30% is much lower than I was thinking- I guess because I know how sharply building prices have gone up.

People have these fantasies that they're going to build cheap rental empires in the Rust Belt while cruising around the world, maybe getting on their phones once a day with their GCs at their multiple rehab sites.So a lot of this came out right after David Greene came out with his book on the process, and I felt certain Greene was somehow whipping credible idiots up with his methodology.

the land boom from end of 1800s to mid 70s was huge.. think CA  millions of platted lots especially inland empire high desert.. same with AZ  NM   Texas.. and of course the mother of them all Florida.. some of this stuff never went anywhere this is were you see guys like landgeek and stuff troll tax sales and buy low sell on terms.. 

It's less "sexy" than a beachfront condo-tel, but it's a much better option in my book.Or you can be inland a bit where there is far less demand (naturally), but draws for small-town events can make up for it (Dunedin has the Highland Games - bagpipes, caber tossing, and haggis).

@Jerome Morelos Welcome to bigger pockets from the inland empire!

As Tom said, when you live on the edge, if one of your properties goes vacant, the whole house of cards comes tumbling down.Now there are some people who have built RE empires faster than the rest of us by being extremely gutsy and extremely lucky.