The house looks in good condition but has a strange fake rock siding which might make it hard to sell, but I doubt I would lose money If i bought it as is at 40k.

Even though they're no money down I normally have some reno costs and closing costs and so on.Truthfully though I feel that doing as many deals as I can like this will produce the bigger pile of cash at the end of the long road ahead.

With yields as high as they now are; in theory many of them can be cut in half and still produce a solid return.I've began building a position earlier this month and will layer in slowly over the next few months if oil continues lower (I'm buying down to $40 oil if it gets there) with view of holding 3-5 years  and trimming on any aggressive pops.Interesting fact - From the data I've seen, the inflation adjusted average price of oil from 1946 to now is just shy of $41, surprising! 

They do 1-4 family, 5+, commercial R/E, and income producing farm land. 

The system produced acetylene gas which was used for lights, cooking, and sometimes hot water.  

OK, I have built portfolio of SFR, duplex, triplex income producing properties, and I have been thinking of making the jump to buying apartment buildings.  

For most of Calif big cities crime has been dropping like a rock.

Sounds solid otherwise though, except someone willing to pay 90% interest with that much equity....would make me look under every rock.

Have a 1910 duplex and it is solid as a rock.

Both take dedication but produce different results.