I've improved ghetto neighborhood blocks by improving properties and engaging neighbors etc only to be stifled by LAHD, LADBS and LAB**S**Back to the original question:Some areas for long term buy/ hold off top of head includeInglewoodBoyle HeightsNorth East Los Angeles ( Cypress Park, Lincoln Heights, Montecito Heights)Certain parts of South LA that aren't absolute war zonesCertain parts of Long Beach that aren't already gentrifiedSome parts of the Inland Empire

In all regards... how easy it is to get funding how easy it is to run a hotel were you have no clue as to what your doing...your statements are the height of naiveté   but keep dreaming and one day you will be as rich as Trump.  

If you think Austin is "The South"--you have not traveled "the REAL South".Places like Birmingham Alabama, or Yazoo City Mississippi.Texas is Texas, it's Cowboy.They even named the Football team the "Cowboys".It's also the only state that can fly it's flag at the same height as the US Flag.

When they find something that doesn't meet code (GFCI outlets missing, no airgap with dishwashers, improper smoke detector/CO Detector height, etc.) they will write you up a laundry list of items you'll need to complete to avoid fines.

I particularly like (or am frightened by) Pacific Heights.

At the height of it's population in the 60's, there were something like 1.6 million residents.

Mound Rd in Warren & Sterling Heights, for me, is the pulse of the metro Detroit economic activity. 

@Natalie Kolodij  mcmansionish started in the mid 80's were I lived in Palo Alto.. city council came out with an ordinance that protected neighbors vis a vi height and light restrictions. we have that here in Lake Oswego as well.. its a formula.but all the cities these days are facing the exact same thing.. old homes that many are past functional use.. and are obsolete in prime locations being replaced by modern arch designs.

For instance, We just bought a foreclosure in Cleveland Heights.

People purchased them pre-construction at the height of the boom.