Purchase price: $1,040,000 Cash invested: $350,000 Sale price: $1,940,000 Contributors: Samira Mahjoub Tapia Turned a mid-century property in Ladera Heights into a stylish Palm-Springs inspired retreat.

Further southwest there's Archer heights which has a similar purchase price to brighton park and a stable tenant pool of  working class families.

(Warrensville Heights OH.)30157 Atlanta, GA.

I would think this should not be a main consideration for getting a HELOC on a free and clear house.

The bulk of the listings are short sales and the same house that goes as short sale sells for considerably less than the rehab with only paint and carpet.Out-of-area landlord buyers (from areas way more expensive in So Cal) are now showing up at foreclosure sale in my areas.

Finding deals that cash flow here are a good exercises in deal analysis and learning how important other considerations are besides the numbers.

But it just seems to work that way. 3) New appliances - black 4) When flooring is needed: Medium grade frieze for carpet in living areas, ceramic in kitchens and bathrooms although sometimes I do laminate in kitchen depending on the height/surface in connecting rooms.5) Replace countertops if dated or damaged.6) Paint all walls - but only paint ceiling if really bad.7) Certifiy HVAC8) Replace kitchen faucet but not bathroom unless really bad.9) An upgraded ceiling fan in living room and master bedroom.Thats typically my list and then I do what most of the others have mentioned above.

We didn't have a mortgage on the house, which lowered our holding costs considerably.

Is there anything else I should take into consideration?

This also doesn't take into consideration your principal paydown and deductions.