At the end of the day, it doesn't matter who sells (or promotes) a property that an investor buys.

(I have taken it back 3x DILO over 10 years so the bldg owes me nothing.)I assumed ownership after the 'auction' failed to entice any buyers, but the foreclosure amount was sufficiently Inflated with expenses etc above MV.

If you are in a job where raises are structured based on time and or promotions , take 1/2 of every raise and start / add to to an investment account.  

I have looked Nevada (las Vegas) but everything there seems run down and not enticing.

It will require areas that are homogeneous to accept low income housing, in order to promote "diversity" and "inclusive communities": http://www.nationalfairhousing.org/PublicPolicy/Af...

So in my day here is how it went.LA promoter and there are plenty on this site.. they promote and sell properties for turn key companies throughout the mid west and south east and rust belt.Hard money lender puts them into title .. then the buyer gets a rate term refi and has no money out of pocket and is counting on his or her 100 a month cash flow and they buy their max say 4 props because they can't afford anything in CA.So now the cash flow does not materialize as advertised and the properties are negative cash flow ( happens more times than not) remember they bought the properties through CA based marketers so they are in essence paying the very top of the market they have put little or nothing down so they have max debt.So now the houses are negative 100 a month each and or there is a major turn over cost say 5 to 7k very common and the no money down deal became out of pocket deal and a money bleeder and they will never amass any truth wealth as the houses on top of it all do not appreciate as even those that sell them will agree....So bottom line if your going out of state you MUST be ultra careful not to fall in this trap and buy top quality property you buy low end dogs and you will be living with the dogs over time:)from my point of view people that live in high priced areas like CA need to do whatever they can to first buy a home to live in.

I bought down there myself a couple years ago and now work with another development (who is 10,000x better than the one I bought in) helping to promote Nicaragua as a country and of course the development.

You don't have to go off the word of the seller or promoter by any means. - Lastly, I've never known of a turnkey buyer who went out and did it all on their own afterwards.

You'll likely need to do some rehab to get it to a shell space and entice new tenants.

Assuming you want to pursue this opportunity further (i.e. not sell, continue the development) you would need to put together a package that entices someone to participate.