That area is Booming...But you guys have more competition than SA.

The economy there is boom right now, a lot of foreign investors are going in. 

The economy is booming up here right now.  

To me, i thought, buy a place, make sure your payments are lower than your rent to the point you can pay a manager, and pocket some money for repairs, and BOOM, you're in. 

One weeks rent normally pays the entire months utilities.Unfortunately I am the maintenance guy, the rent collector, property manager, sales & marketing, concierge, family counselor, etc. for all the properties. 

Over the boom of the last 3 years with prices doubling plus a bit, they've gone up to todays sales prices of $165-185, average days on market, 61.

When the outer neighborhoods have +30% appreciation yearly it is the end of boom cycle.

So the neighborhood is positive.Second, I believe there is a shortage of apartment units in Los Angeles, despite the mini-building boom. 

It’s a troubling time for many citizens when we work so hard to get a chance at the American dream and boom a person dies!!

My brother in law is a contractor there and has been for 20 years and he gets around just fine. but you take no more precaution there than you would in better parts of south side of Chicago and look whats happening there.. its booming.