Homes in the area have sold for as high as 253 k. 

. - Caterers will want/need dedicated kitchen space to heat/prep food.

These are just some high-level questions I have.

If the house has sat on the market for more than a few days I would question what factors are scaring off other investors (bad area, foundation problems, extremely high repair costs, etc).

The up front costs are too high and loans not favorable enough.

If his price is too high, you can always have him value each and then pick out the better deal.

Hi guys, so I love in Orange County CA where the market is just outrageously high right now.

I live in Downtown Tampa, which seems to be a high potential market for rental properties at the moment.

The most important lesson I can take away from this is that there will be high and low times in REIA for ever.

There are still pockets I would not recommend, especially since there is crime, lower rents, and high turnover.