and even the idea of being able to afford anything at all due to LA property values being so high. 

Who needs a 4bd house, but can't afford to buy one?

They are the only things affordable around here and seems to be something investors are ignoring...which may be wisdom I'm observing rather than preference, but we'll see.

Aside from that, Forsyth County has a population desperately seeking affordable rentals, but prices are so high, that cash-flowing as an investor is difficult without significant money down.

Especially since they're smokers, it will take time to clear that smell.It's also not your responsibility to determine if they can financially afford the 30-35% or not. 

Investors would only be afforded a return on their money from the interest on the loan and we would make our cut on a little additional interest and the points on the loan.

Of course, I've said nothing about repair and condition, at this point, I'm just looking to see how one might structure an offer and if this is a decent opportunity to get myself a great live-in/rental property that I can't currently afford otherwise.Thanks! 

Somewhere more affordable.

A final way of looking at it is that if you can afford to set aside X% vacancy (based on your market's average vacancy rate), then you can afford to take the vacancies that will most likely hit you one day (at your market's average rate).Property Management - Two ways of looking at this.

Investment Info:
Single-family residence buy & hold investment in Denver.

Purchase price: $370,000

Cash invested: $10,700

Contributors:
Craig Curelop

Craig Curelop is the real...