I haven't contacted the seller yet because I really needed to think about this deal and after much thought, my main concern is possibly not being able to flip the house for the amount similar to the other homes in the area, which sales comparison is listed as mid 30,000's (Prop Appraiser's Office shows home is valued at less than 5k).

this was mid 2000s.

In the early to mid 2000s 'everyone knew' that house prices always went up.

I have had no claims and My credit score is in the mid 700's, I'm not in a flood area.

I have changed property managers mid-lease before, and it was simply a notification of new address, although my tenants mail payment in.

@Brian Bower @Bill JacobsenAll the mid west to deep south investors or rust belt would no way touch this deal. but this is what we have here on the West coast.

One of my turn key clients was using it, but the company just said they would stop writing policies effective Post hastefor me personally I could never figure out how they could make it. if they were working mid west and low end markets

The typical 2bd mid to late 80s was selling as low as $25k a couple years ago and 2x to 3x that right now.

In the past 2 weeks, I've sent another 150 yellow letters to 17 zip codes, covering the last zip codes of San Diego (Mid City, College West, University City, Pacific Beach, North Park, Rancho Penasquitos, Clairemont, and Linda Vista) and moving northward towards Escondido, Carlsbad, Oceanside, and San Marcos.

My rentals are both in Georgetown and I am mid-to low market. 800/mo each side for a 3 bed / 2.5 bath on the duplex and the townhome is 3 bed 1.5 bath for $650.