Edited to add: we buy properties there for $110k-$130k to make sure we have a healthy profit margin and tenants always pay for their own heat/electricity. 

Also I was pretty involved in C B class in the crash and vacancy were rampant so don't delude yourself thinking the blue collar renter is immune from a big time retrench.. they end up moving in with family etc.So I am not predicting  any of this at all.. just saying it all has some risk..

This started as a small grass roots movement that has quickly escalated and now has the support of Kansas City's new Mayor, Quinten Lucas, as well as the majority of the City Council.If this proposal is allowed to continue as proposed you will no longer be able to take the following information into consideration when screening tenants.Source of IncomeNo criminal background checksNo credit checksCan not take previous eviction history into considerationMust work with Section 8, Housing Voucher ProgramsIn additional to these restrictions, we would also see the creation of a fourth city bureaucracy to oversee rental properties (in addition to codes department, Healthy Homes, and Human Relations/Fair Housing)What do you guys think?

One thing I can say about South LA is that it offers a wide diversity of opportunities as far as real estate and the rental market seems to be healthy.

Buy below market now and make sure you have a healthy cash flow margin and you should be ok imo

The premium expense is based on your age and health status - the young and healthy individuals will have lower premiums compared to older individuals with health conditions (i.e - diabetes, hypertension, etc) for the same 1 million dollar policy.

*No W-2 income - Self employed*20-25% down payment + healthy bank account*will have 3 roommates to pay the mortgage*property purchase with 20-30% discount, would remodel before rented to increase equityQUESTIONS/CONCERNS:1.

Additionally there is always a healthy nouveau rich following that attempts to mirror their predecessors achievements.

REOs are at about 9% of the listed market which is a very healthy and normal rate.- Pre-Foreclosures.  

I haven't really done the math myself, but I've seen on forums that people are having a hard time with getting a healthy cashflow in the city core.