However, if you only take a $500 security deposit and the tenant moves out after a year or two, chances are you will be taking a loss on you deposit.Hope this helps......if you have any other questions let me know.

If they know you are looking in multiple areas, they probably won't work very hard to find you something because they know there's little chance they'll be paid for their time.

A few other things that help to balance the risk I feel is that we are buying the home significantly undervalue due to the inflated interest rates (was listed at $500k in late July purchase price of $410,000) so there is a good chance the price goes up and we can sell at not a loss if we really need to pivot hard.

So here you're only paying 1, plus it is an off market deal, so the chances that it is going to be cheaper than a deal on market is much more likely.

By letting the other person speak first, you define the midpoint, which gives you much more power than the anchoring principle would.Plus, there’s a chance the other party’s offer will be even lower than what you would have offered: you never want to negotiate against yourself, and by waiting to see what the seller asks for, you eliminate this risk.For the best results, come in with a goal price.

Current Cash Flow - If you do borrow money right now the chances of you cashflowing on a single family home are pretty slim. 

Any chance I'm buying it too expensive now than buying later as the market keeps going down?

She discusses how she made her home city of Detroit, Michigan into a land of opportunity and a chance to bring something better to her community.

Sure, maybe a handful of LA residents will pipe in w some info, but that it a small sample size and chances are they're not truly familiar with the neighborhoods you mentioned, just have an outsider's bias towards them.Go drive around.

They'll take around 8-15% (depending on the size of the property) of your monthly rent, and don't give you the chance to learn more about REI directly hands on.