This should explain the challenges forthcoming....https://www.biggerpockets.com/topics/596656We represent many landlords within the City and County of LA, and all of Southern California for that matter, if this passes I know 90% of our clients are going to sell and move their equity to a more favorable city or state including myself.

Recent upgrades include HVAC, and garage door replacement.Looking for agent referral who can bring offers.

I would try breaking that apart and including it in the applicable expense category (PM, CAPEX, Repairs, Vacancy, etc.)Overall though, I wouldn't be too excited about this property.

Several of the source properties need new heating and a new central AC including duct work. 

@Al Mardrus, i didn't watch the webinar so cant comment specifically.But can say that if he put this price and the down payment together with stating the interest rate and length of the loan it would be included. you may want to re watch the recording and see what numbers he plugged in.you will need to be at least 4k a month rent to cash flow $700 if he accounted for all expenses. he may have not. you can play with the BP calculator and see how the underwriting change as you change the data/ numbers you insert.just play with it a little and see.

1) That’s the basic relationship, Transaction Broker, 90 plus % of the time anyway. 2) make your contract, Including inspection dates, final financing and closing dates tied to the completion of roof, a passed Final Permit Inspection. 3) The commission is not detailed in your purchase contract.  

We now employ two part time office managers, as well as 4 property managers (including myself and husband) and keep 4 maintenance workers busy enough to only work for us (although self employed).

Do not include the debt service (your mortgage paymet) in this calculation.

A bunch of people from NYC are going this year, myself including, most are already doing deals or looking to start ASAP.

Yes, I am fronting all costs, including material, so I am taking on all the risk.