Bakersfield, I can't say for sure but of the 3, I'd say that is your better bet.

I'm sure thats probably not legal but I'd bet it would be a huge legal mess to have to correct and some really tough sleepness nights waiting for things to get cleared up.Get the title insurance and get your sleep.

This area didn't crash hard and has pretty much bounced back to or above previous highs so it isn't the worst bet in the world.Also if you are in it for the long haul in 20 years you can be making crazy amounts of money as rents go up and your payments are fixed, or get paid off.

The links at the very bottom may be the best bet.

You will not lose...it's like betting on green and green already came up.

I bet that your buyer on that one figured the ARV to be more like $130K and the repairs at closer to $10K (Assuming that your assessment of what needed to be done is close) and that gives you a MAO of just over $80K.It seems super unlikely you are presenting any deals that have $60K profit in them.

I bet we have a guru type business behind this, just guessing, teaching someone an approach to "help" people facing foreclosure.

I think the combo of having a good respectful tenant and a manager is your best bet.

I have an opportunity to get a mortgage for the first time ever (due to a confluence of positive circumstances such as mortgage rates, my DtoI ratio, my wife working, etc) and am inclined to get two or three, thinking that a good SFD is almost always going to be a good bet if it flows and doesn't need a new HVAC or roof for some time, and even if housing prices drop due to major economic fundamentals going awry such as a stock market bubble burst or our debt problems coming home to roost, or the middle class going the way of the dodo bird ...

http://www.bloomberg.com/infographics/2013-12-20/blackstones-big-bet-on-rental-homes.html