If that is a true reflection of what this park is like it is no wonder that he hasn't paid his taxes and is facing foreclosure!

What hit home was the statement that typical diversification, which I had been reading quite a bit about lately, was not true diversification.

It's that beautiful mix of working cash flow and growth through appreciation.

Whether the heart attack story is true or not, it seems like an excuse.Back in November, just a day or two past the first of the month, one of my tenant's suffered a serious sickness and was hospitalized. 

@Clay SmithVery true, but I think I might work an area that I am very familiar with and can work some contacts where I grew up and with less competition but maybe in some time I will come play with the big boys. 

Would seem you'd need to get out of the actual city into the greater bay area to get away from that, how many true SFHs are rented out and how many units are post 1979 actually within the city?

That is actually true.

It may be worth it to just block off access for one unit, or split it awkwardly and have it primarily as a "dog run" or garden type area than a true backyard for either tenant, but definitely do away with the common space as soon as finances allow.

Its hard for me to believe any true investor would past this up and if they did either they do not know what they were doing or they arent investors at all.So the 70% rule definitely has a place in flipping but it is not the ultimate determination of a deal. along side a few other considerations the 70% rule is a great tool, but like all tools they are only valuable when the are used correctly

There is a foreclosure listing here locally that was previously used as a care home.It's over 3,000 sqft, has 4 bathrooms, 10 bedrooms, and can easily be converted into a huge beautiful house or Bed and Breakfast.I believe the price is so low and so far untouched (no offers) Because of its' previous use as a care home, so I'm unsure whether I can benefit from the low price on this because if no one wants it, then no one wants it.I'm curious what you guys think about this, would you ever invest in an ex-care home?