You can buy 4 bd. homes in E. Lancaster build after 2005 for about $220,000-230,000. They currently rented for $1800. Minus property tax and renters insurance you should be able to clear 7-8% cash return. Plus these homes appreciate quite nicely. I have two similar properties which I bought in 2009 and they have double in the last four years. I am renting to Section 8 tenants, and it is much more convenient, since I receiving a check on the 1st of every month. Also these homes are just 7-8 years old and maintenance is inexpensive. Palmdale is more problematic, since city bought most of the distressed properties and sells directly to the low income families. Please contact me if you have more questions. 661-860-0023.