Well the fact that this loan could not sell on the market for $37,000 has me believing that this property is not worth near $85k and not even at the $40k the seller is asking.

I believe west Chula Vista is likely to outperform the general market because 1) bay front redevelopment 2) the age and price of west Chula Vista.

They are not full time and really don't have a good handle on the market or the latest laws.  

Definitely a good market!

The home has equity as we bought for below market Thanks !

My son will be helping us with marketing, advertising (if needed), press coverage (if needed) and finding investors / lenders (if needed).

My partner and I just started, created the LLC, got all the documents, and have begun introductions with lenders across the market. 

You'll also need to learn about marketing, property values, repair costs, property management, etc. 

Depends on markets of course, so if you are a HCOL area with high list prices, this may be out of reach even with 100k+ to put down (while you can get away with less, this may create a problem with too high of a PMI and overall mortgage payment). 

Hi everyone,I'm exploring the possibility of investing in the Indianapolis area.I was thinking of focusing more on the Bates Hendricks / Fountain Square area, and I noticed that most of the houses in the area are quite old.What do you consider to be "too old" of a house in this market?