I think Brandon Turner called this 'hybrid investing' in an article.Ive bought houses for less than half what they sold for 10 years ago in great neighborhoods.

Barring that, you should be able to get the local authorities to compell the uncooperative homeowner to work with you, as it is definitely a health concern for the neighborhood.

We have a practically paid off rental property (we owe 39K on a 5.25% 15 yr fix) in a great neighborhood that has had the same renter in it for 7 1/2 yrs.

I myself just came across a few for $500 to $3000 in decent neighborhoods in southern California believe it or not.

I believe repairs will be in the neighborhood of $25K.

Figured since I was in the neighborhood (it was 5 minutes from the Men's meeting) I'd drive by and make sure it was a house and hood I liked.

Is the neighborhood and rents in decline?

(In my market it varies from about 0.8% in the nice neighborhoods, to about 1.3% in the less sought-after areas)2) Based on deals you are getting from your marketing, what would monthly rent be as a percentage of your purchase price?

lol jk There are some $200K properties in the Bay, but they're on the periphery neighborhoods of the East Bay and in E Oakland - definitely not down on the peninsula.

I appreciate your help on this:First, I research the zip code and neighborhood on the internet.