I've been a lurker on and off here for more years than I care to admit.

Take the case of an investor who goes into a depressed area.  

Landbanks are more or less where municipalities go in and take properties from negligent/bad landlords who leave properties un-kept for years, take them , mow the grass and re-sell them to people who will take care of them, otherwise they get torn down. 

Even though it's a 10 minute bus ride, it's an uncomfortable 10 minute bus ride due to the lack of an adequate number of buses during rush hour.  

However, be careful you properly forecast for increases in the property taxes.  

A bit of an emergency...

So, be careful about those things, and don't upgrade counters or cabinets or add bathrooms or carports, etc.

Challenges could include:Having the population to make it a sustainable day-to-day venture.Finding quality staff is tough these days, don't care what you pay them.Breakdowns/serviceInclement weatherPennies on the dollar at exit If the truck does say, 1000 bucks and after labor/cost of goods the operator's left with 500 - 600, then has commissary expenses and a possible split with a partner(s)Ehhhhh...burnout.There were dozens of trucks here 5 years ago and only a handful have really survived the grind. 

Lots of "deals" are popping up on multiple websites but you need to very careful of the info posted.

Like many houses throughout Palo Alto and Menlo Park (including Steve Jobs' home), this house was originally developed by John Brooks Boyd and famous developer Joe Eichler.This house is owned by a local investor, who is currently rehabbing it to offer it as a class A SFR.TO LEARN MORE about the project, send me a note and I'll provide you details on the date/location of the meeting.Floor plan of an Eichler Home designed by John Brooks Boyd.