In Los Angeles, currently am house hacking. What's my next step?

[Julian L.]

Hello BP team - 

I've been following and listening to BP for about 10 months. Since, I've successfully gotten out of the rental game, and purchased a beat up condo in Santa Monica, and rehabbed it. I'm now house hacking with a roommate and have about $100k in equity in this project. So far, so good.

What should be my next step? I've got about $50k in the bank I could use for another deal.  Where in LA is the best place to buy? Ideally, I'd like to buy a beater, rehab, and the keep it and rent it out. Not sure where to look. I think I'd like to go a bit east of downtown, but I'm not sure what areas are growing the fastest and if this would be a good strategy over there. 

Any ideas?