Activity DescriptionTenant recruitmentTenant screeningNegotiating and executing leasesOverseeing repairs and maintenanceCommunications with tenants and vendorsTravel timeResearch for potential rental real estate (pub 925)Acquiring rental real estate (pub 925)Paperwork/bookkeeping/bankingResearch and purchase of materialsRent collectionEvictionOn-site cleaningBill paymentOther:Time SpentDate

He layed out a step by step process and held me accountable through multiple weekly calls to make sure I was executing on what I needed to.

Hi Alex..sounds like a good idea, but unlikely to be executable within a quick timeframe.

Increased Property Value: Well-maintained properties with thoughtfully executed improvements can significantly increase in value.

A 1031 exchange would seem to make a lot of sense, but you need to have a firm plan in place to execute on this when you sell. 

False.When an entity or a human has capital gains you owe Uncle Sam.How will you vet and continue during the years of ownership to verify who is an American and what percent the mix?

Take a policy loan against the cash value (5-6% current loan rates) in advance of the auction so cash is on-hand, purchase real estate, execute business plan on home, repay policy loan, and repeat. 

Contractors executed contract with owner says owner has responsibility to supply all materials.

I'm invested in a property near the Grove that's executing that business plan now.At a simpler level, that might mean buying a house with a garage, converting the garage into an ADU, and renting out the ADU.I think a super solid first step to get into the LA market is to househack a home or a multifamily.

The (property management) owners had great knowledge, answers, and talked about their systems, but that didn't translate to execution at the manager level.