t sandwich, and we're all gonna have to take a bite"  -- Joker, Full Metal Jacket Doesn't mean I won't fight to take the tiniest bite possible.... especially when I know the tenant that won't pay can, but simply just doesn't want to. 

---I'm going to take a gander, though...You're looking at REI because:1) you know someone or someone told you it's a great investment2) You've heard the quote about 'most millionaires came from RE"If you like the idea of stashing money fro 25-30 in a 401k and finally being a multi-millionaire when you're 65 (as you can't withdraw your funds without penalty...so it's all paper money)Then REI is probably NOT for you. 

I can't say I make a lot of money but I have some money stashed away and would like to try and swing n a M/F property.Are there any strategies that can result in positive cash flow in LA for entry level investors?

Anyway, any tips on where to stash cash-out equity til I find my next rental?

If someone is defending this joker than you know who to run from.

Or you could accelerate it, depending on the profits, and just take the money you cash flow from the properties you have now and stash that to be used for a down payment for another property.

Is this a shift away from having 3 to six months pay stashed away? 

Frugality is a way of life for me, I'm invested in Vanguard through my employer as well as Stash.

They were here short term for few months and it's a recent development and I am positive they did abuse the plumbing system in ways that had a detrimental effect such as drainex, stashing cooking oil and other junk.

Assessed value is ~95,000Offer $87,50075% LTV investment property mortgage for $70,000 - $400/month pmtOwner Holds $15,000 2nd mortgage 15 yr amort. with 5 year balloon - $135/month pmt (total interest pd 4,800 in 5 yrs)I kick in $2,500 or so of my own cash so the owner ends up with around $7,500 cash after his note is paid offmy numbers would be awful for 5 years but i could stash away as much as i could during that time and after the seller 2nd was paid off I would have ~ $25k in equity that barely cost me $10k out of pocket...thoughts?