My name is John Heck and I stumbled upon this website while researching a popular mentor program that was highly debated here.  

Regarding moving money out of Los Angeles; my first choice would be to stay right here for my next purchase however the more I work with the numbers, the more it makes sense to at least widen my search and become more knowledgeable about cities in which I have family (eyes on the ground).

Thank you for your replies -Had no choice -spent around 3K to fix things up to get the CO that my lender insisted.

It's very easy to rent in that neighborhood. 1BRs go quickly, they're popular with singles, or couples without a lot of stuff.

If you want to buy a 20 unit building in the West Village it's going to cost an arm and a leg because that neighborhood is perennially popular.

I come to you all because I am three weeks away from receiving my bachelors and I am very interested in real estate for the first career of choice out of college.

@Daniel Sanchez  welcome to BP and I definitely see the building focus becoming popular as well

If you can find a private lender (someone you personally know, not a HML that calls themselves a private lender), that's a second choice. 

Given the choice, I would probably invest $100 on a Detroit home vs $20k on an Overtown property.Can anyone reading this share some positive light on owning property in Overtown?

Yesterday I made a multiple choice offer to a seller.1.