Though that is the craziness of the Bay Area economy so it could make sense elsewhere.........I know a lot of people are trying to make prefab work economically, but I don't think anyone has really cracked it yet.

You get economies of scale, and you spread your risk out.  

Something that has always steered me away from those rural areas, is that the economies rely SO heavily on single companies, industries, etc...A bad example that I could give you is Delta, Ut.

On the other hand, if you're goal is to build a sizeable portfolio, you'll have economies of scale that may make it worth it.What's your risk tolerance?

If Medellin was the second city of a developed country, real estate prices would be much higher.As to the economy, of course wages are too low and inequalities are too high.

Suggests to me that as long as retirees from Cali, Portland, Seattle continue to come here we're okay, but if those faucets turned down, even modestly, it would have an effect on the local home values and greater economy.

Car broke down?

Purchase price: $147,000 Cash invested: $80,000 SFH, 4/2, 2351 sq feet, 2 car garage, 1.5 acres What made you interested in investing in this type of deal?

You'll need to speak with a lot of sellers to get a deal, and it isn't the best use of your time to jump in your car to see a property when the seller may not be motivated.

They will exercise the same judgement on your property and economy.