From there we found a PM and contractor.Long story short, we got 2 properties (foreclosures needing improvements) in B class neighborhoods in the $100-110k range, one is completed with renters moving in May 1, the other we just closed on and are doing the improvements now. 25% down on each, $10k to $20k each for repairs/improvements to get rent ready.

They have three kids in high ranking public school half a block away.  

There is no equity in it, he purchased it with 0% down VA loan.Houses appreciate in his neighborhood, but townhouses do not nearly as much.

One has to have an in-depth knowledge of what one is engaging in.What are the high-demand neighborhoods?

Not sure this is a great deal but it’s in an A neighborhood and I can airBnB the 2 bedrooms in the lower level to generate income.

I agree, no better feel than driving the property & neighborhood

A, B, C, or D neighborhoods?

Furthermore it seems to be a lot safer than when I was a kid, plenty of families, people walking dogs in my neighborhood.

I have a superwebsite made by gay fairies (gay means happy btw) that ranks -5 on Google.So I get leads out of my nostrils.I know I know that is not very helpful to you.But here is what IS helpful100% of my leads come from people that simply do not want to deal with agents.

It's extremely close to Fort Bragg and is a great area for BRRRR's and Flips (depending on the neighborhood.)