The reason I say this is because we were in a hot seller's market that had become a feeding frenzy for investors and hedge funds.

wonder how she got it... was she HOT & it was all $1 bills !!!

I've always been buying stainless appliances because that seems to still be the "hot" item these days, although I know some people still buy them in black, white or whatever color as well.

Houston Tx is an ultra hot market right now as we have lots of cash buyers/investors. it makes life very toughI'm making offer solely base on the cash flow per month.

Figure on having to replace the Hot Water Heater and replacing or repairing all the faucets in the house.

Not only that but you're in violation of Tax Code requirements with respect to depreciation for improvements, so if your tenant paid for the hot water heater or HVAC and it is depreciated as required by you, you just committed tax fraud!

I'm in Hot Springs.

The great things about O.C. specifically are:Very low unemployment rate (4-5%)Broad based economyHigh average household incomes (means qualified buyers/tenants)High demand for properties (helps drive up appreciation)Perfect year round weather (draws tourists all year)The ocean!

Lots of sociopathic personalities out there,, however at the end of the day buying rehabbers is not a highly complicated business as you state LOL, I must have the same algorithm hard wired in my brain along with my lie detector eye balls, I certainly got my share of liars and embellishments, but none were funded, maybe it's my cynical nature, maybe a bit of human intelligence gathering from my Army intelligence days, could be the old examiner days that sound off alarms, might be prudent lending practices that made me so lucky, maybe all of it together just didn't give those types a snowball's chance on a hot stove of getting past me, since it never happened with my money or my client's money.

@Adrian Schlueter I once found a property in a hot section of the city with spectacular comps.