My friend also owned a rental property in the same community so I figured it would do well.How did you find this deal and how did you negotiate it?

This is after all construction in Los Angeles, if you've never done it before add 50k.If you have $500,000 in cash I suggest you use it elsewhere, this years long headache is likely not worth the 1000's of man hours you will also have to put into it running your very own team of scientists.

She is from and still has family in Peoria, IL and her family owns a flooring business, and is well connected in the housing maintenance community in Greater Peoria.

In some cases, after running the numbers, I’ve even faced potential negative returns, causing me to miss out on promising deals here in South Florida.That brings me to my question: I currently own two homes—one is my primary residence, and the other is a rental property.

With 30 years of experience in real estate and now owning a quadplex, duplex, and a condo STR, you’ve already built an impressive portfolio.

I usually just do fox and rent for my own.

It doesn't mean they are a skilled manager.You should do your own research. 

I'm looking to start my own property management business.

Quote from @Daron Williams: I just invested in a tax deed here in texas it was a beautiful lot right on lake sam rayburn. i have it on the market for sale the only problem is you have to have two lots to build on.. i found the person that owns the lot to the right of me and there willing to possibly sale there lot the only problem is i dont have the money or the credit  to purchase it.

You came along last year and bought the property for $300,000 as an investment property.So in year one, your taxes were based off the previous owner's purchase price of the $100,000 plus any annual tax increases since they owned it.