Then I check rentometer and a good portion of the street is practically for rent currently.

People from all over town came down to the affected areas with shovels and brooms and cleaned up the streets.

4fam signal hill buildings here in socal go for around 1.1M4fam long beach buildings (Even in the crowded/filthy streets) go for around 950k!

Nadia, I don't know what the property is worth.I was planning to call my real-estate agent in the morning.The building is one of the worst on a lovely street.

I just pulled up zillow, wanted to see what a house recently sold for up the street.  

just closed on #18 rental today. it's located in westland, michigan.this one was very weird and almost didn't happen at all. it had 5-6 stumbling blocks, but my experience helped. not giving up and trying something new also helped.it came up on the MSL about a month ago. it said "great investment oppt, tenant wants to stay and rent for $700 per month". i tried to get in touch with the listing agent (turns out broker). he texted, but did not answer. next day he told his agent to work with me. made an appt to see it, then agent called back 3 mins later and says "tenant is sick, house is off the market". so i gave up, but kept thinking about it. 2 days later i was browsing the Broker's site and noticed that one of his agents is the wife of a coworker. so i immediately got in touch with her and we were able to see the house the next day.turns out it's a 4 bedroom (legal basement room) in a 3 bedrooms area of westland. rents in that are can go up to 1,050. this house was super nice, not clean, but great yard, great garage, great brick.started talking to the homeowner and turns out their redemption period is over TOMORROW (4/30) and they will be on the street. they wanted cash sale, listed for $49.9k. the caviat is that they can pay up to $800 per month in rent. so that's at least $250 less than what i could get if they were not there.so, i knew i wanted the house. i didn't care about the low rent... so, i went home, did the numbers and offered this:month to month contract for 2 yrs, i can kick them out if they are not paying and get the house.rent will be $735they can cancel their homeowners insurancethey can cancel appliance protection planwill revisit the rent in 2 yrsoffer is $51.5k cashthe problem was the line of credit had only 33k. talked to my bank and we were going to bundle the last 2, include this one and just buy this one. i thought it was a cash deal, the bank thought they were financing it in a loan.a day before closing i called to confirm that everything is ok, and they said "no, we have not heard back from the title". i was livid.luckily i had 20k in another account, but it was out of state. so i had to transfer to local bank. this morning at 6am the 20k showed up. closing was at 12pm. i did 2 wires from 2 different banks and good thing i had the 20k cash.they almost lost the house and i almost lost the deal. if the 20k didn't show up, i would have used my credit cards to pull cash out this morning.1 hr before closing, i realized that the 1st of may is in 2 days and i told the agent "want may's rent and 1.5x for deposit" I was so stressed out i had forgotten to ask for that... she said "too late for that, get it later". i said "i am not closing then". we talked to the title and they said "they are getting ~$2300 back, we can just give you the check and they can sign it".phew!

@Darren Sager  Dave Del Dotto was the first to film his shows from Hawaii with Bikini clad women on the beach you too could have it all  LOL.Del Dotto went on to make millions of course and he know owns some kick butt wineries in the Napa Valley.. one of them I used live right across the street.. and would take friends there for wine tasting on the last tour of the day and he would usually sit and regale us with tale of his infomercial days... engaging guy for sure... 

from now on i say no pets, charge somewhat high rent for the area and don't charge for credit check nor run it until sufficient income qualifies (verified monthly income is at least 3X rent), and 1X rent + 2X security deposit funds are show available. so far this weeds out all but the most serious and financially stable, leaving busy 'career' professionals to concentrate on, as most street folks don't bother bringing paystub to photocopy with application or don't have 3X rent to put where their mouth is. 

In other words, Wall Street.

It sits on over 2 acres and is on one of most prettiest streets in the community.