@Angel Gutierrez I'd probably get ripped off.  

LOL  I remember buying in East palo Alto in the early 80s for 15k a house.. it was a true war zone.. everyone told me i was nuts I flipped them for 20 to 25k and thought I was the smartest dude on the planetI lived in PA at the time so it was ony 10 minutes to drive over and pick what I wanted to buy.. just needed to no go there at night... day time was fairly safe but still dangerous place back then.Richmond it seems the real ghetto areas have shrunk and you just have a lot of blue collar type home owners coming in... 

In monopoly you win with 4 red houses, and a green hotel, but in my experience you need only a single blue apartment building for finacial freedom. 

Growing up in Philadelphia I watched certain sections of "downtown" and adjacent blue-collar areas become gentrified, fashionable, and very expensive.It seems to me that this is a constantly occurring phenomena of revitalization.

Evicting a Section 8 tenant comes with the huge positive that usually 1/2 to 3/4 of the total rent is paid until the day you receive possession of the unit back, at least that's how it works in Los Angeles.

As competitive as the Los Angeles market is, I am constantly looking for innovative ideas to generate income through Real Estate and it wasn't till about a month ago where I was actually sold on one of my own ideas.

In my market, it is rare to find Buy and Hold deals with significant cashflows (it is similar to Boston, NY or Los Angeles market).

It isn't blue prints for new construction that you need.  

Your appreciation markets are typically going to be your blue state coastal cities...but there are obvious exceptions to that generalization such as Dallas and Denver.You need to bend to what your market offers you.  

However, Los Angeles is not a practical place for me to begin investing due to high market costs, etc.