The out of state investor was enticed to buy and the current cycle you are seeing came to fruition.Now, I agree with you whole-heartedly that out of state investors have no business buying cheap, run-down and economically depressed neighborhoods. 

Warm Regards,Adrian JacksonRE59

My experience has always been the more I put into something the more I got out and with turnkeys you're trusting someone else's judgement, opinion and expertise on just about everything with your property and most people (not all) I've met and worked with on my own investments have NOT had my best interest at heart  ..they've only had their best interest....which is why I like to be hands on & not blindly trusting people.  

Thanks for the warm welcome!

I found that white noise and hypnosis worked, and also, a warm bath.

@Andrew Syrios Thanks for the warm welcome!

Fixing and flipping is not for the faint of heart.

Purchase price: $415,000 Cash invested: $115,000 Triplex in the heart of Little Havanna.Fixing it up to force appreciation.

Purchase price: $415,000 Cash invested: $115,000 Triplex in the heart of Little Havanna.Fixing it up to force appreciation.

It is ultra competitive in the heart of the city, but there are pockets and neighborhoods perhaps 30 minutes from downtown that are good for what you are looking for.