That is not a great street and but a beautiful until with a huge yard.

This does not suggest any sort of recovery in the economy, and frankly, it suggests that house prices are being propped up with investor money, that is bidding higher and higher.I cannot believe for a moment that this is sustainable, especially since most of these investors are leveraged up to their eyeballs in debt, and if the market rate for rent goes down, there will be some extremely sore investors out there.However, it is nice to know that when the market corrects again, our strategy of building a war chest for failed investment properties will make us a good return in the future as it did last time round.

I also drive for Lyft on the side as a source of income.My goals for the moment are to find some good deals on foreclosed properties and in turn use the profits towards a more extensive training and education.

I purchased a 1976 Deko single wide as a rental and rehabbed it beautifully. 

I'm also thinking of making one a female only and charging slightly more as I've seen a few females ask for female only places.Right now I'm also assuming that a PM at 10% will be willing to collect from these tenants (well I'm assuming everything at this moment).  

I am not opposed to private money because at the moment even though I and my husband have excellent credit (FICO around 800) banks like WF say our debt to income ratio is too high.  

LA property prices are completely out of control, and the amount of bids a house gets just tells me here is not the right market at the moment.

We've been doing well with only 9 properties at the moment.

Hi All,Thanks for all the tips thus far... so I have 4 properties at the moment, all under my personal name; I read the LLC Vs Umbrella Insurance threads and decided to get $1mm Umbrella under my name, with each unit having its own separate insurance policy (300k liability each)..Now, I'm planning to get 1-3 more properties, but my Umbrella Insurance is saying that I will now need a commercial policy as it sounds like I'm running a full-time rental business, which is kinda true, though it's my side-gig atm (I'm in full-time finance). 

So I believe that the look can be deceiving in most unknown places, because even though some buildings were looking okay and near nice reliable places like a beautiful art museum, it can be bad.