@Ray Lai I know this post is old but I'm just looking into getting into direct mail and I have to say... that's a fantastic list of questions you posted.

@Ray Lai - thank you, I will try that.

I've also learned that cash flowing in SoCal also difficult.Would this still be a good way to enter the RE market here in LA?  I

Another issue with Los Angeles is their extremely restrictive building regulations so when the city already has a supply shortage, LA is counter-productively discouraging additional apartment building by making it difficult to build and also very expensive to build.

@Ray Lai thanks for the advice, I will look into any dos and dont's in my area.

Originally posted by @Ray Lai:@Steve VaughanAwesome deal, thanks for sharing the sexy numbers. $1696 for $64k doesn't make sense, could you elaborate plz?  

Also keep in mind LA is number #1 in the nation for total SFR profits ( cash flow + equity) since 2000.

My contractor (here in LA) is not even building his own house for that price.

Thanks for the mention @Lee RipmaHenri, where in LA is this?

I want to to get in the game but the barrier to entry in LA is very high and in my mind it is much easier to start off in a much cheaper market.