What I believe will happen is closer to musical chairs than a huge wave of vacancies.

More or less just trying find the smallest leg up I may have compared to other new investors with less construction experience or access to trusted subs.

If @Tina Garcia has done her  due diligence, lots of research and tons of leg work in determining that there are no immediate heirs making any claim to the property, it is truly an abandoned home.

Sounds to me like you're a disgruntled ex-California who couldn't make it here so you ran away with your tail between your legs and now spit venom.

You forego some equity but if you're looking for long term buy and hold, this is perfect for the arm chair investor.

Locals that live and work these types of properties can hit these numbers all over the US mid west area not hard to do.. were people fall down is trying to do it from their arm chair in CA. or off shore then it gets a little tougher and riskier

It will cost me approximately $24,000 to modify to approach barrier free ( 36 inch door ways and wheel chair accessible bath ) for a 3 bedroom ranch in northwest Pennsylvania.

Just remember, deals are left that may not have enough $$$ for the big guys but has $$ for the small guys, so get up off the computer chair and look! 

The idea is that you get off your *** and go do something outside all day - go hiking, ride your bike, relax on a chair by a fire outside at night.

Send me a colleague request and an email with the subject "Korean Junsay Investor" and I'll keep you posted as the opportunity gets legs.