We are in southern California too, Orange County to be exact.

It's apples to oranges in my opinion. 

If your not at 80% or even higher you are out of the market here in Orange County.

Only 101,000 dollars will this be enough in orange county?

Corey Dutton There was actually an article on this in the Orange County Register a few months back.

I'm located in Orange County, CA.I look forward to the inundation of emails and phone calls.Sincerely,Craig Norris(714) 599-0179, [email protected], https://www.biggerpockets.com/users/cdnorris

Your ALL in cost is only a cup of coffee.I am currently flipping homes in Orange County and teach others how to do so as well.

The report shows market activity for current year month vs. prior year month.However, this company only provides reports for Orange County. 

A builder can make a profit on a 100k lot when the house at 2200 to 2400 sq ft sells for 400k.. that's about 50k oi their jeans and usually only about 50 to 75k cash equity. so its a double your money cash on cash in less than a year which is pretty standard.can make it work at 300k exit though you would lose moneyBut as for rentals Go which I believe is what Ray is looking at.. for me personally. the age of the housing stock there in the inner city is all about 50 to 120 years old.. some sell for 10k other like FS sell for 60 to 100k and need 10 to 30k in rehab.. for me I would rather have a 100k rental next to a 400k new build then be in an area of all older 75k homes with no new builds in sight or will ever be there. those truly have no upside other than if rent rises .. but again we are apples and oranges we are inventory providers or providers of new housing.. not landlords. 

Thank you @Judy Wensloff!!