We are building in San Clemente, CA, and other coastal areas of Orange County, CA.

A lot of big boys including hedge funds, vulture funds, pension funds and rich out of town investors got seriously involved from 2011 onwards and basically took all the low hanging fruit the rest of us enjoyed during the peak crisis days. 

Nice well the Orange Beach or Foley area are worth trying to get into if you want Alabama...

It could very easily have an ARV of over $50,000 so you're really comparing apples to oranges.

The property doesn't seem to have appreciated, but there is potential with the land and location (i.e. it is zoned for a second house, and backs a 19 acre orange grove).  

Looks like Boulder extension is now just "future", but it looks like the Orange stuff is what's under construction now.  

I tend to center on properties in the Long Beach, Lakewood, Cerritos area.Investment area is Los Angeles and Orange country and part of Inland Empire.I can view/check on property next day.

2037 Crone Ave, Anaheim, Ca  FlipFor those of you who came by to see and help here is the finished product. Click the following link to view the Listing: http://mrmlsmatrix.com/DE.asp?k=2718910G9XM&p=DE-280916533-...

Generally, a survey is not required for legal descriptions using a plat and lot and block title for the description, these are in neighborhoods, such as Lot Seven Block Eight of Riverside Subdivision, Orange County, ..... if you have a meets and bonds description (100'  East, 40" South, 120' Westerly.... you may need a survey.Title insurance does not cover "area or content other than that shown by a proper survey" and lenders will want that coverage if it is not platted by lot and block.Another issue, encroachments might be suspected, but can only be shown by a proper survey and title insurance will not cover such matters not shown and rarely if shown, depends on the encroachment. 

Investors just have to realize where we are in the housing cycle and readjust their expectation as well as strategy accordingly since the days of low hanging fruits are well behind us.