They've sold the properties and the investors are stuck holding the bag.Most of these are, IMHO, barely above scams.

Pretty common for units of that age, but a big expense.Even their claimed NOI of $61,786 barely covers debt service.

Bare with me im typing with one hand..As you guys know I got injured in a work accident, I'm now recovering and off work for definatly one month..

yes your right i was talking to my girlfriend after i put the post. and i realized i will need a side income to make this work. i have been doing some research on this site lol about five hours worth on my first night. and i realized in new york a good way to start would be with a section 8 place. and i am also going to buy the section 8 bible asap. i realize this is gonna be hard and take up alot of my time and money. but i feel in the end it will be worth it. i just dont wanna end up like my folks almost 50 nothing in the bank and just barely making it. i want the better life and im willing to bust my butt in this industry trying to make it work. like my friend always said scared money dont make no money lol. appreciate the reply hope to have some success stories in the future to post about.

Most people here would agree it's a poor investment with barely a 1% return.

Was told crack is from side of tub almost to middle & barely visible. 

I saw a VERY small cottage style house/ untouched for years, barely inhabitable go for over a MILLION dollars!!

Very easy to do with barely any city “red tape” as they say. 

Baring any crazy situations that come up the work should be completed by the middle of second week of April.

Buy your family the house they deserve now.People are making general assumptions that are never guaranteed to happen.Invest in your future today.Don't live in fear like so many people do their entire lives.They're not living,they barely exist.This is LA we're talking about.The population continues to grow quickly and that alone will help home values bounce back quickly if such an event ever occurred.