At such prices, it is possible to find investments with with month rent at 1% of the property price (that's 12% gross yield).Investing for rental income is easier than for gain, as one just needs to find a property with an affordable rent, in an area with a healthy job market to be able rent it, there is no need to find a property below market price as in the capital gain business model.At $900-$1400 per month, most tenants rent by choice as they could save to buy a better house.

I think you can relate same thing with most of the healthy market.

Root cause is the slide area and estimate of having to do $25,000 just for soil test to find out where (or if) there is solid ground.

I prefer to give up more for the renovator, so they know when they come back they will make money on wholesale deals from me......don't count on it, but I have even had a few guys come back and let me get the difference of actual and retail costs I quoted for they safety.....rare but it does happenArv times 60% minus repair costs (retail)= your max offer you should never go over.....I always try and get more money by offering a decent margin below this max offer to ensure healthy deals, 10% is guaranteed if I can only get it for the formula max offer......as most will probably tell you I use what I use, however some will be more than mine others will be below, it is what works for me......I never break my max offer.

I build homes in Dallas TX which is notorious for poor soil which in turn leads to many foundation issues.

Online research points to 'filtration soiling' and it seems to be somewhat common down here (NC).

High cap rates and a healthy rental market = cash flow.I can speak for Bakersfield.  

Once "prettiness" dictates the choice of your primary, rather than "potential", we can't help you anymore.Congrats on having such healthy savings.

@Aaron McCurdy i think you have gotten a healthy dose of smart and super passionate BP people.

@Mary JoeYou miss my point, if you are putting up to $200,000 down, you need to make a healthy return.