Vivian, aka CrazyViv
There are 2 areas of Durham that I like because they are the next areas for renovation and for the city and Self Help to put in money. It is near NCCU and east of downtown. I bought a REO and am renovating it, under contract for $150k. Also 2 duplexes together, under contract for $150k.
My rentals are long term holds that I fix up nicely and they rent easily.
If you'd like to talk, give me a call or email. By the way, I'm from the Stanford area, know Mountain View pretty well. In fact, I'm visiting my parents at Stanford now.
I'm also selling a duplex for $130K (both sides) and each side will rent for $900/mo section 8. No HOA, so good cash flow... but the place will be trashed by the time the tenants leave.
I also will be putting a SFH on the market (once it's been fixed up) for about $90K that was renting for $825/mo with no HOA dues. Ditto on the turn over. Probably $1-$2K to fix up for the new tenant and deposits don't do much.
Hope that gives you an idea.