With no comps in the area for new construction and the highest rehab selling for 205k, building enough at the onset, 4-6 new construction homes, may be the only way to start a neighborhood turn.The city is looking to increase density in the area and add anchor points in near the area to cater to future investment. 

You may want to find out what you can legally add to a future lease.

I spent a year trying to find what I was looking for, wanting business planning and tax planning and legal assistance working cohesively to plot out my best future course.  

As used in this Section 18, "Interest in the Property" means any legal or beneficial interest in the Property, including, but not limited to, those beneficial intereststransferred in a bond for deed, contract for deed, installment sales contract or escrow agreement, the intent of which is the transfer of title by Borrower at a future date to purchaser.If all or any part of the Property or any Interest in the Property is sold or transferred

Focus on undervalued properties, prioritize high-ROI renovations, and refinance to pull equity for future deals while maintaining 20-25% equity.

Last thought (mainly for future readers), you may be talking about the 1 year FHA history if you have variable income.

With the current market conditions, I can definitely see more of these type properties becoming available in the future.

.: Hi all,I have to move back to Los Angeles in the near future and I’m interested in purchasing something I can add value to and exit within a few years.

I've consistently written about the forces of nature and her current and future effects on the real estate market (even while often being ridiculed and politicized on this very site for it) regardless: I personally moved and invested in coastal Oregon in 2018 from Venice Beach Los Angeles partly as a result of the trajectory of climate and have assisted several clients that specifically purchased on the Oregon Coast for their own 'climate havens,' investment and future retirement homes. 

We wish you continued success in your investing endeavors and we hope to serve you in the future as the need arises.