The property can be ready to tear down but they don't see it because they've poured so much money into it over the years or had such high expectations.There is lots of lower hanging fruit out there, ie folks who do want to sell, so don't waste too much time trying to convince folks who don't want to do so.

Though I have no first hand experience, I'm sure it's much like Orange County, CA, high prices for land and development, high rents, and solid appreciation, but not a lot of cash flow. 

Orange has some lower income residents.  

Thanks for the input and a good idea but unlikely fruitful enough.

I'm a real estate / real estate finance attorney that just moved from Charlotte, North Carolina to Orange County, California.I currently own two buy and hold and looking to buy a third.

Highest sale in the community is $880K's but I am estimating this house to be more in the $830K'sI have done rehabs on buy and hold and to date my largest rehab cost has been $55K in orange county.  

@Mark Gallagher  Ryan is in France enjoying the fruits of his labor  :) @Ryan DosseyI think a HUGE part of this as well is area..

Hi there, we are investors from Orange County, California.

Also on a side note the new loan levels for Orange County Jumbo Conforming is 637K and you would be getting close to that number.  

I am so looking forward to building a fruitful relationship with a good company.