There have been some poorly done rehabs in the neighborhood I am working in and unfortunately anything can qualify as remodeled...including homes with stained carpet and 12 broken windows...ugh!

I just saw this sign while I was shopping in a nice retail area in Burbank, CA last month and couldn't help but take a picture and post it here.

The town she lives in is very impoverished and standard properties in low income neighborhoods range from $20,000 to $60,000.

The area has what could be a very cool shopping business district and it would be wise to invite some creative minded entrepreneurs to begin their business in the area with some sort of grants.

Than my focus changed and I found a neighborhood I like in LV to invest, and I could still rent for 1.2% of the purchase price.

The area is ok, not trump towers but its not slum village either, close to highway, shop, downtown and even a mall.

Dates and life expectance of all mechincal items.The neighborhood is older (1957) with Large Trees so I paid a Plumber $95 to run a camera down the drain to the street.

Reading through, I don't understand why ANYONE would NOT shop around as apposed to just going to their original banks.

I can't see where there would be any leverage if I'm buying properties for what it is worth under these guidlines unless I was buying for shop talk.

Despite the pleading of our agent, we over-rehabbed this one (in a "working class" neighborhood), spending $15K on the typical pergranisteel (pergo, granite, stainless steel) that goes into our middle of the road flips.