Knowing your area decently enough, I'd pursue distressed and value add.

I have done most of them in my rentals.One thing to add is that eviction for lawn maintenance is complicated and I wouldn't go that route, because they are still paying you the rent.If you still want to pursue that please consult with an attorney.

Hello Biggerpockets,I’m a moderately experienced and networked real estate investor looking to start exploring the wholesaling niche here in LA.Looking for a gut check of my strategy, and to speak with anyone pursuing similar niches here in LA or other highly competitive markets.Context and backgroundMy first deal was a massive live-in flip.

Looking forward to pursuing further opportunities and contacts.

Anyway, I am pursuing it to learn. 

If a deal meets or exceeds your predetermined ROI threshold, it may be worth pursuing.

@Ravi KaruturiRavi, a Project with a $10M “all in” cost will typically support a 70%-80% loan to cost (LTC).This means that you can borrow $7M-$8M which means that you will have to invest an equity infusion of $3M-$2M.More fundamentally, if you are asking a question like this, your priorities need adjusting.Raising capital from whomever, and especially from friends and family must come after you have acquired and can demonstrate the skills necessary to build a $10M ground up development.I believe that if you pursue a plan to raise the equity required that you will find it very difficult to secure bank debt without a track record and or the skills noted above.Feel free to reach out to me if you want to talk.

If you want to pursue wholesaling as a means to get started you can do it around a W-2 job.

They were also able to provide new estimates on the work needing to be done including correcting everything the original contractor had done.My question is, should I pursue some sort of legal action or just never get into contact with said contractor again?

Thanks in advance.Foreclosures are best pursued using the websites the attorneys post their status updates on.