In fact the 92024 zip code boasts of some of the most expensive properties in all of San Diego County.We are installing a 1x1 foot footing with an 18 inch rebar reinforced and concrete cell filled block and mortar stem wall  around the entire perimeter of the footprint in order to support the new interior drywall, exterior Hardy Board Cemetitous siding and a 12/12 pitched metal roof.I'd say that's a pretty safe bet considering we're going to have to spend close to 75k (our cost as contractors) to strip it down to the bones and rebuild it from the mainframe up to and including the roof.

Lastly, like any other close, make sure your financial documents are in order... you'll need copies of taxes, bank account history, investments, etc. gathering all of that information can ne a pain if you aren't organized.

Patrick Milia I'm not so familiar with this in PA but my concern would be something else, using your hypothetical example that if you do a assignment that means that the end user has too dig out 110K (50K for 25% down + 60K assignment fee) so if he can get a similar house on the block for 260K with only 25% down that's only 65K out of his pocket,IMO it has to be significantly discounted that someone should buy it.

Switching can be so painful, even if you make it super easy for them, that it's just not a high priority in their life.  

@Pete Perez I had a 6 unit a few blocks down for a few years.

So the competition here is quite excruciatingly painful to swallow, and not even factoring in the commute and the bubble over price rent.So back to the story, after 2years of saving my money i was able to begin my process in fixing the home I bought which was sitting there not doing anything for 2years (I was scared to rent it out to people I didn’t know, and felt it was not livable condition).

$3730 / 1br - 718 ft2 - Spacious 1 Bed w/ W/D in Unit, A/C, pet friendly-Soma  -West CA$2685 / 1br - 775ft2 - Stainless Steel Appliances, Granite Counter tops -Los Angeles $2720 / 1br - Absolutely Stunning One Bedroom with Pre War Charm Prime block (Upper West Side)  East coast NY $2050 / 1br - 800ft2 - Condo for Rent in Best Location in Arlington  (DC)

I find 5-10% isnt worth it for the headaches because of destruction  and pain getting rent from.  

The groups that I see are purchasing them in clusters and bring up an entire block or corner at a time.

I lived in Talmadge, very nice neighborhood, but 2 blocks away was a very high crime area.