If you knew something unique about a specific area such as putting in a new stadium, university, etc. that is different. 

Look into El Sereno, City Terrace, Lincoln Heights (near Cal State LA) .... and Inglewood (because of new stadium).  

That said, with the expo line, proximity to downtown and freeways, plus the coming Inglewood Stadium, and later olympics, leads me to think that an ARV of 650k is not unreasonable, but I would expect it to be a better hold than flip.

They have been very brutal with AirBnB....and that's allowed only in a very specific area near the stadium and probably requires a license.I don't think your renovations probably add value to most people.....it might to you for your situation, but typically when you start adding spaces and rearrange the layout it just doesn't make sense to most people.Not impossible, but very few PMs want to take on boarding homes....so you will probably have to self manage.Make sure home is not in an HOA or if it is, know what the HOA rules are. 

Smaller companies are not blowing billions on stadium naming rights, national commercials, etc etc - so we usually have lower costs and lower margins

Gross Rents: $2,040PITI at $235,000 with 25% down and a 5% interest rate: ~$1,260Gross Monthly Spread: $780/moYearly Operating Expenses per MLS: $5,689Monthly Operating Expenses: $474/moNet Monthly Spread: $306/moCashflow Per Door: $76.50...6216 W MARYLAND AVE, Glendale, AZ 85301 - $240,000"ONE OF A KIND WELL LOCATED FOURPLEX. 10 MIN TO UNIVERSITY OF PHOENIX STADIUM-CARDINALS. 20 MINUTES TO CHASE FIELD. 30 MINUTES TO SKY HARBOR AIRPORT.

It has some great restaurants and shops, quick Path ride to Manhattan, easy access to major highways, the stadium and some nearby bars, etc.

Another huge thing that is a possible to happen, is LV will get a stadium built and have their first NFL team.

They probably would be better off just bulldozeing these areas to the ground.To the contrary, there are several areas of detroit that are in a big upswing, like midtown and around the stadiums.

Waterpark, national forest, great fishing) Are they relocating a sports stadium closer?