It really depends on the street. 

A house down the street, with the exact same specs just sold for 215,000 in January. 

I live close by and when I need to show people my work I park across the street and pull out the before photos.

At least not yet.I have a friendly competitor who lives in a very upscale MHC in a very popular coastal community.

the nature of the soil there is your foundation could be good one day.then you literally wake up next day and you have a shift and cracked foundation and walls and your doors won't close cabinets hang crooked your tenant is not happy.. may never happen but more than likely it will.. as stated every single property I financed there had money in the budget for foundations  coping and wall repairs plumbing... waste line to the street those all get cracked and or leak when the soil moves..

@Tyler Morace what street is it on?  

Buy and holds seem to be really popular right now and are a very good choice as the beginning of an investment portfolio.

Once you "own" a zip code, you receive the leads/inquiries that come to the site under that zip code.The more populated/popular a zip code, the higher the cost to own that zip code - meaning that "owning" a Los Angeles zip code would be more costly than a Olney, MD zip code.

The residents of the neighborhood they re-started the program in had to find and pay an electrical contractor to run a new power line underground from a vault at the street to their house.

Hit the streets, shake hands, and see where it takes you.