If you can develop an approach to sort out better those who are more or less likely to default among those with lower scores you can improve on that risk as well. 

I just posted a link to a new development project in one of these good markets in the Classified forum. 

@Caroline Gerardo  I know a lot is done on the phone now but if he is going through relators has he found one that does alot of rentals and tried to develop a personal relationship with them. 

I’m now approaching the halfway point in my undergraduate degree in Real Estate Finance & Development.

There are other markets in Michigan as well but Lansing is the State capital with lots of economic development which drives jobs, which drives housing demand, which drives rent growth and appreciation.We have local property manager partners in these markets that are experienced, can handle unit turns to rehabs, and the other local members of the team you will need.To Your Success!

Work on developing your technical skillsets and job. 

I think it is unlikely Torrance was such a location (as there was only a few in southern CA) but do not remember for sure.Building a single small unit is the most pensive residential development costs.Add the other issues with ADUs especially in Ca and ADU additions are typically a poor investment.  

There are a million explanations, but rarely do I find something more than an actual method for developing goals other than the "goals depend on markets".

Texas continued to lead the charge, with Dallas, Austin, and Houston benefiting from sustained population growth, job creation, and pro-development policies.

Open to all those wanting to learn more about investing in Buy/holds, ADU, STR, LTR, SFR, MFR, Land, Development, Joint Ventures.