I think the best course of action would be to find a junky Inglewood building close to the Culver City border and put some money into updating finishes and the exterior/landscape to attract young professionals that will be moving in the area in the next few years.Hope I helped!

Whatever strategy you choose, just know your demographics and build the best property for your market and price it lower than your competition so you can get continuous interest... 

Hey Diane, if your current demographic works then you may think of sticking to it for now as you scale up.

People are like 50% is too high but you have to factor all of these in.Vacancy (6%), Utilities, Insurance, Landscaping/Snow Removal, Pest Control, Repairs and Maintenance (5%), Professional Fees (Accountant, Eviction Lawyer), Management Fee, Cap Ex (Reserves for Boiler, Roof, Appliances, Etc), Trash Removal, Water Bill, Real Estate Taxes. 

In a nutshell, instead of building a fully finished product to market to owner-occupants, I would build simply an empty, enclosed shell - complete with a laid water / sewer line, slab foundation, framing, roof, exterior doors, windows, and concrete landscaping - and market that product to other investors who to wish to complete the house using their desired finishes.  

For many, I hear it's landscaping and plumbing (infrastructure issues).

Yard and landscaping being kept up, the whole nine yards.

My mom a hair salon with 3 apartments over them my father a landscaping business and also has 3 units over his garage where he keeps his equipment.

My mom a hair salon with 3 apartments over them my father a landscaping business and also has 3 units over his garage where he keeps his equipment.

I am very attracted to Plymouth due to the transient demographic there, and the obviously strong property values and appreciation (same with Northville).. which is why nearly anything that pops up there that is selling for less than $150K, I take a good look at.