They are adding a Nordstroms, and other shopping centers, along with improving the roads.

With the 814 Court St property being retro zoned back into a triplex, so will its property taxes be improved.

I don't think it is wise to limit who your contacts may become based on if they invest or not.Matt, I understand your point about keeping the best deals for themselves, especially in markets with thin inventory, but there are still markets with enough inventory that a broker can keep all of the good deals for themselves unless they have infinite capital.

I work with a very serious cash buyer, looking to scoop up any inventory we get!

I would make the right improvements and charge as much rent as possible.

E.g. You buy a $100k house that has cap rate of 10%, so $10k cash flow.Since you adjust 3% per year for inflation, after 15 years your income is doubled to $20k, yet the asset price is still only $100K, so now you hav...

Actually, I want to make some minor improvements and raise the rents especially the tenets who is only paying $940.

BTW a bank does not have to make a loan - but packaging mortgages was the most lucrative business - which of course led to the crash - banks did not care to whom they loaned - they made so much money on the tranches, they just needed to keep inventory coming so they could sell it to the stupid well heeled investors - it is mainly the banks that brought the crisis to us, by not having to make a buck - by lowering their criteria and lending to people they clearly should not - but as they had no skin in the game once it was tranched so who cares!

I'm not sure you are considering factors such as, off the top of my head: 1) unlike the have-a-pulse-get-a-loan scenarios of yesterday, they are required to have proper debt-to-income ratios and meet reserve requirements so as long as they don't lose their job for an extended period, they've proven they can afford the payment; 2) even in a down market, they will have to live somewhere, so unless rents are much cheaper, which is unlikely, it makes more sense to not ruin their credit, keep paying and stay where they are, especially if they've improved the property at all; 3) these loans are much more likely to be 30-year-fixed, not the ARMs of yesterday that adjusted up to a surprisingly unreasonable payment (many didn't understand what they signed up for until, Wham, the payment doubled on them, so they had to walk); 4) they pay MIP, upfront and monthly, so there is some protection for the lender if they do default.Many of these people would be stuck paying much higher rents, building others' equity instead of building their own, without FHA loans.  

Keywords to improve reach: wholesale, wholesaling, newbie, SD, southern California, so cal, landlord, turn-key, out-of-state, cash buyers, hard money, private money, private lending, multi-family, direct mail marketing, door knocking, probate, evictions, tenants.