I recommend starting your research where you'd like to live - there are a couple of multi family listings like these: lakewood duplex & lakewood fourplexYou might find better returns in Hawaiian Gardens with listings like theseIf I were you I'd keep an eye on the MLS or redfin - and keep in mind that this is LA - most neighborhood blocks differ in terms of crime/quality of neighbors/rentersHave you tried getting the input of someone who is active in lakewood/downey?

My quality standards must be too high, in the video she says 'looks great to me', and I'm thinking 'it looks like crap!'.

How does that price compare to SIMILAR homes (year, size, quality, and foundation/slab) in the SAME park or location?

It usually is the lower quality properties that produce the higher cap rates.

@Curt Davis is with another quality group here in Memphis, so I appreciate him answering for me.

I have picked up high quality second hand couches most times and it helps because I am not replacing them all in one year.

Hopefully such regulation would wipe out 80/90% of the "program gurus" and would put authors of "information" under a microscope as to the quality of information, experience and expertise of qualified counselors.

$150,000 is a good price range, but by learning your market, you will have a better understanding of what a $150,000 price means in terms of the quality of property you can buy.

We also have pockets of great affluence and great poverty that often butt up against each (ie...Woodbridge/New Haven) through our little State.Great poverty usually translates to lessor quality school systems which in turn drives people with the means move to the more affluent areas in the burbs to put their kids in the better school systems thus keeping up or driving up the prices in burbs while flat lining the prices in the less affluent areas, the cities.

While very few rule of thumb guidelines apply everywhere it has been my experience that the high quality more expensive properties in nicer neighborhoods cash flow less but are easier to manage and appreciate in value better.