If I had the funding, I'd buy ten more houses there.It's easy for an investor to go into a new low-income area and get turned off, or worse, create enemies and put a target on the project property. 

@Ashish Acharya I didnt know any better and always created a new llc for new purchases; I assumed these 3 family homes would have more individual protection in th event of any lawsuits.

And the property owners at that time came to form a partnership with a "committee" and created bylaws, which regulates the covenant, conditions and restrictions.

Hi Matt, Balloon framing was a common framing method for many years but is no longer allowed by the building codes, due to the open spaces created that interconnect floor levels.

Say we were to buy 1 or 2 $80-100,000 houses this year and on paper they created a loss.

Holding back offers create a bidding war.

You could create an investment opportunity for someone else and grow your net worth without deploying your own funds.Just a thought...

@John JonesAre you looking to be an active investor (aware you creating a job for yourself) or a passive investor?

Moving a family out of State, new job etc might create the motivation to do so.

I'm a local realtor in the Phoenix, Arizona area and I'm looking for wholesalers that are interested in creating a business relationship with me.