This is 70s style urban blight brought on by an unaddressed homeless problem and lots of crime. 

Same types of rules apply in that this would not be a "traditional" style loan. 

Otherwise Santa Monica  and airports up in the Valley and up the coast and we would pop over to Vegas etc.

Hey - In March, I purchased 2 4-plexes in Las Vegas as an investment.

Each piece is a pricing add.Location, unit type/number/style/mid rise/single story, mortgage middle FICO, Down payment percent, prepay type, 3 points - no points, market rents, property good to perfect condition, rented at close with verification, reserves, vesting is real person or single LLC are the pieces that deliver a rate at a moment in time.

So how do we achieve this with our busy life styles???

Long story short, cosmetically ugly and out of style is fine, not functioning isn't and WOOD ROT is a major no/no with FHA and VA appraisers.

With over 9 million visitors a year and considered the Las Vegas of the Ozarks I would think this would be a no brainer.  

Now I am looking to find hard money to keep moving on light rehabs to buy and hold BRRRR-style.

There are basically 3 types, overnights (catering to RV's traveling along interstates), destination (resort style parks that people vacation at) or long term.