There are mixed part in san jose that offer some cheaper deals, but I am also looking at one area that looks like a good opportunity: East Palo Alto.Can you tell me why this area is so cheap compared to the neighboring palo alto.

It is so nice to be able to use it wherever and invite others to use it from wherever.Hope that helps.

Is so, still happy?

If and when I do rent it, the payment is so low that it would cashflow from day one and someone else can pay it off.I'm in the crowd that doesn't think there's a bubble.

There is so much info it is hard to know where to start.

I've corresponded with Ellis off-line, and understand that the speaker that evening can come-off different than he is, so we'll try going tonight (September 3) to the OC FIBI to see if we like it.

However, after the inspection was completed, there will need to be about 15K(contractor's quick estimate) of repairs that should be done either asap or in the near future.The offer stated to buy the property "As is" so I am not sure if there is room for negotiatiation.

Reading what you're accomplishing is so close to what I want to do that I just had to write.

Here's something to consider, one of the reasons lenders require down payment is so that the investor has money of things start to go south.

To be realistic however, there are reasons there are no HUD Code homes in Hawaii, where the cost of site building is so high.