Steven Primiano I would be Intrested in this property in this BAD area if I can get it at a big discount since the area is So Bad.

While it does mean you'd have to remove the kitchen/bathroom/whatever unpermitted work was done, and wouldn't be able to rent it as a separate unit, it also means that you can legally kick out all people renting illegal units without having to owner-occupy.

It's tempting to buy another, but I'd better pay down some of that debt.We were also able to pick up these homes at a great discount. 

Builders Surplus in Santa Ana is an option for kitchen cabinets and bathroom vanities http://www.builderssurplus.net

Would have been $40 per on a month to month payment per county without discount.

Hi everyone - I listened to a great podcast and the guy being interviewed was talking about how he will make offers on portfolio deals at a discounted price and then get the seller to indicate the value of each one, subtracting the price from the total portfolio price, until he gets down to a (low) price for the one property he really wanted.   

The last four buildings we purchased were all discounted because the owners couldn't stand dealing with their tenants.I love my tenants. 

The comps on the low end are in the mid to upper $300k range but they are 1000sq ft smaller, less a bathroom or two.

Meaning, wherever you buy, no matter the rating, you are primarily focused on purchasing the property at a good discount.

The house is in decent shape, bathrooms need the most repairs.