If I get up and feel like wearing blue jeans and a jacket with paint stains from the day before the that's what I will wear.

I would also have get rid of the blue tub and shower by reglazing them a simple white ($300)  replace the toilet (there was one at Sam's club for $98) today and get a sink and cabinet combo for the bathroom from Home Depot for a few hundred bucks.Then I would move into a unit and start buying things.  

Every job title / career field has a few shady individuals, white & blue collar industries alike.

There is far to much blue sky talked about with these types of properties..

My name is Jake Lair and I will be moving my family into the Blue Springs, MO after getting out of the military in less than a year.  

(mostly solid B units, blue and white collar).

One thing is that it's more straight forward in a sense that you just build everything from ground up, following the blue print.  

So get to know your contractors, listen to them, we want to show up for work and be happy and yes we're human, not everday is blue skys and rainbows.

I am not interested in war zones and in nice blue collar towns like manville, raritan, boubd brook, somerset, and others you can buy properties that need rehab.  

You're chasing upside without concern for mitigating your downside.A single family home in an upscale and strong demand neighborhood like Beverly Hills is like a blue chip stock in your retirement portfolio.I understand that it does not appreciate as rapidly as a growth stock and I also understand it does not yield dividends equal to a more speculative growth investment, but, when the markets turn, which they always do, It's more likely to retain it's value and provide you a hedge against the risk of more speculative investments.I'm suggesting that by abandoning a solid and less risky investment in order to put all your eggs in a more speculative basket you're giving yourself a better chance of a larger income stream and perhaps better short term appreciation, but you are also risking all of your equity in a more speculative market by buying in less solid markets.To me a smarter, safer move would be to retain a solid blue chip asset that pays for itself and perhaps also pays for the additional equity you could borrow against the asset (new loan or credit line), and then re-invest that borrowed equity in more speculative investments if you wish to generate additional cashflow.If you've outspent yourself and need to generate cashflow quickly for another reason we haven't discussed here I understand that sometimes decisions must be made on a shorter time horizon.