When life gives you lemons....

My STRs revenue is correlated with the price of crude oil. 

Even good investors end up with lemons from time to time.

I know of a duplex available in Lemon Grove.

.- 5 year tenant-Utilities: All tenants pay their own utilities (Gas, oil, heat...not water)-Water Bill: $650/Quarterly- Paid by owner (me)- $2600/yr-Taxes: $1700/Quarterly- $6800/yr-Home Insurance: $2150/year-Flood insurance (needed): $2001/year-New roof 2013-New hot water heaters-New electrical-Mortgage info: -Purchase price: $770,000 -20% down: $154,000-30 year fixed @ 3.708% (**Current level)-Total mortgage payment (including taxes, ins, etc)= $4,004.24/Month-Total income from rent= $4,930.00-Cash flow: $925.76/month 

You will need to oil prime (kilz) all of the subfloors to get rid of that smell.  

Oil has plummeted. 

If you have seen the property go look and walk the property , (Watch out for snakes) maybe there is a dump site on the property , old oil or gas wells.

Of course, you have oil going thru a bust for the past 3 years, so that helps the average American (nobody remembers cash for clunkers, while getting that "fuel efficient" SUV).

Erica Nagle  I just got this one an hour ago:Dear Entrepreneur Pataya Investments Management Group is venture capital firm specializing in growth capital investments.It seeks to invest in public and private securities in a broad range of areas including real estate, energy, oil and gas,emerging markets, and high-technology.