I just replaced the induction motor on a Hi Effic Fce.

@Greg GordonIsnt it amazing that the lack of heat/water/sewer doesn't phase someone, but the tv being cut off will force someone out?

And there is supposed to be another phase of that housing project going up somewhere - maybe out near the new science building on 322?

Are you still buying in UT and TX or are you in the hold phase?

All of the advise you got above is good, especially Jons.Be careful with the 1978 timeline because both asbestos and lead based paint were phased out at that time, distributors were allowed to sell off existing inventory after that date.

Perhaps it's the honeymoon phase when you open a business.

I am still in the research phase but, so far, the prospects are still positive.

Maybe you can start out the next phase by beginning an actual search for properties.

Just to the South, the Expo Line Phase II is opening next year and will provide a 20 minute stress free ride to Santa Monica, which is a game changer IMHO because there is no other affordable areas near SM that can come close to that commute. 

If you can limit your downside risk during this "learning phase", you have a better chance of making it through to the "productive phase" where you have the knowledge, connections, and skills to (fairly) consistently make money in real estate.