Some mid-western cities also seem to be good for people who buy very cheap homes and then rent them for very good cash flows, although it is not clear what the long-term trends are for those cash flows.

They take a 5% buyers premium.The old fashion way, where we live ( a metro area in FL) is get the foreclosure list 2 bucks- go to courthouse on scheduled days and bid.May guess is there is no advantage to buying through this service.Is anyone familar with this "advertisement and or process?

Personally i think that florida beaches are more beautiful than the califorinia beaches.The western florida coast is absolutely gorgeous along siesta key beach, sarasota, up to clear water beach.

For example, this has hurt the demand for commodities and the once red hot real estate markets in Western Australia, which is a source for those commodities, are starting to suffer.  

But it wouldn't be in a timely fashion at all.

It is pocketed...some areas are war zones, some are pretty middle class and some areas (such as some of the western suburbs) are bonkers hot sub markets...multiple offers within days of listing on SFRs.

Great post everyone, we do email marketing, referrals, and now some FB ads,  but there are still some old fashion seller that likes to read normal mail and do not have internet or do not care 

This is the experience that acted as a catalyst for me to get back into the RE game: build passive income so I can travel the world, volunteer, and do as I please. 2017: In Fall 2017 we took a 45-day road trip to see the eclipse and to visit many western National Parks.

Show them an amazing deal, your cash reserves, and someone will take you onYes I mentioned that I already have some commercial/portfolio lenders lined up if need be.I'd prefer to utilize the 10 good old fashioned 30 year fixed conventional loans first though.

I reside in Western NY and I've had similar problems to you....not just on one project but on a laundry list of projects.