Solved the tenant issue.

You're exactly right, if we can't solve the financing aspect of this deal, I would probably reach out to a local investor and wholesale it to them.

Problem solved.

Great reminder to be creative and look to solve a problem while building a solid portfolio.

I'm going to start this off by saying I have no idea where to start.  Started getting into investing with stocks last summer and after reading several books, everything I keep seeing is to find a passive source of inc...

In a low income area, old (but clean) carpet, laminate counter tops, low-end appliances…etc are all perfectly fine and generally commensurate with market expectations—especially if you price it aggressively.To a family with low income, stable housing is far more important that high end finishes generally speaking.But, in a high income area, the quality of finishes will be a major determinant in desirability and you are going to have a tenant pool less resistant to moving if necessary to find a home that they feel is “worth their money” as well as greater disposable income to pay for what they really want compared to just what they need.But, as a layer deeper than just the quality of finishes, you need to perform quality maintenance.What this means is, when there is a problem, you need to actually solve it, not just paper it over for repeated headaches for your tenant.Imagine you have a sewer main that needs repair or replacement.The tenant’s toilet gets stopped up and overflows.

Anyone have any clue how long a flooded home's value is affected?

A lot of condos here have wood burning stoves, which are great for heating a unit if you live in it and know how to light a fire and use the stove, but most guests from LA have no clue, haha, so I don't recommend using that as a heat source. 

A thread with no responses is a clue...Take some time to read and learn first, then ask questions.

Opportunity tends to leave clues...My advice: just keep going.