I don't know that there's the same chances of appreciation as in the northern parts of South LA, but it seems like the cap rates in Compton and Lywnood are better than elsewhere, and there are some deals available if you are willing to do some rehab.

You DO NOT want to chance letting a bad tenant in.

When it comes time for you to take over the oceanside property as your personal residence, there's probably a decent chance you're going to spend some cheddar renovating the place.

I have been fortunate enough to be in this here real estate game for over 25 years as well as have some basic experience in BPO's (several thousand over the last several years). Though I am brand new to the NOTES end ...

It's a disaster and from our inspection, estimate it needs 60K to rehab.

They will write up an estimate for repairs and what they would pay for your damages.

You just type in an address and it will give you a ball park estimate.

You'll be able to find out how much a bank liened when the property was sold and you could probably estimate monthly payments since then- just use an online amortization calculator.

Long story short, one of our partners (who was a GC) screwed us over (stole money, liened a house, etc) and left us with 7 houses with under-estimated rehabs (because it was at his cost) and all taking longer than we had planned for. 

Rough Zillow estimates and previous purchase price histories show places going for > $200,000, which puts the asking price at ~ 25% of the area.