I noticed that some of the urban areas have decent parts of town where the community is being restored.

I am from New York City and have my real estate license but again I'm hesitant in becoming one because of the unsteady pay and things of that nature. 

I know New York prices are higher than many other places elsewhere, so looking for a cheaper investment area would be a good start.

They did not tend to live in large apartment houses, as in New York, or in closely spaced row houses as in Philadelphia.[8] After New Deal labor legislation, auto-union secured wages and benefits facilitated this willingness to take on the cost and risk of home ownership.[8]These decentralizing trends, however, did not have equal effects on African-American residents of the city.

You should be a problem solver for seller having a few tools.So what I'm going to do is to discuss what I would do if I were training my brother or my sister to set up a "terms RE business" so that they can make some money quickly, by "looking for problems".Step one is Get licensed get licensed get licensed.Florida, Ohio, Maryland, DC, New York, Massachusetts, California, etc., there's more, but the states have pretty strict rules about flipping a lease option agreement.

Clearly PG&E comes at some point to restore power to the neighborhood.

These systems have been getting a lot cheaper but large cities like LA and Chicago and New York which happen to be unionized find ways to make everything more expensive.

The black light fixture and the track lighting was from the ReStore. 

Noob on the block from Western New York!

If you're talking about mobile home parks, then read this article from The New York Times:http://www.nytimes.com/2014/03/16/magazine/the-col...