The attractively low price, oversized lot, and tons of concrete improvements made this acquisition a no brainer.

You should look for a steal in the surrounding area (you can draw a map as you search on Zillow) or try the area in the Valley Arts section of orange, its near the campus, the price of the properties are relatively low and theres a midtown direct train there (the highland park station)

Nicholas,As an investor myself and an investors real estate agent - I'd say it has gotten harder to find good cash flow if you're looking to do FHA or VA super low down payments.

I suggest you look at local tax rate, insurance carefully, utilities are low if you have to foot the bill. 

I'd recommend going with a low impact property.

6% is a little high....but without anyone knowing your debt to income ratio, your credit score, whether it is a multi or single, what your ltv on the loan is, its impossible to say. 25% down with a low dti and high credit score is going to be about 5.5% right now. 

@Roschelle McCoy I believe your tax estimate and insurance estimates are too low

@William Simmons if you are in a flood zone, your insurance estimate is way too low.

@Giridhara Gowdra chandrannaA - fine expensive well cared for yards and homes owned by professionals and business owners.Luxury cars B- average blue collar suburbia most homes are owner occupied and yards are in good condition.C mostly low Income people rundown rental houses lots of old apartment houses lots of old cars D VIrtually all buIldIngs are old and need some maIntenance .mostly rentals 15-25 year old cars random crIme drugs -hIgh grass and hIgh resIdents Seen walkIng around aImlesslessly F boarded up houses shootIngs no one works open aIr drug deals most everyone looks shady .Hookers rap musIc blasted from random homes and cars

This is a low-end rental and a low-income (but good) tenant.I tried to call her about a a minor issue several months ago, and have not heard back since.