We have both been reading and researching as much as possible.

With that being said, I am trying to find out if new construction is even possible and what it takes to build a small multifamily in the LA area. 

I’d love to explore the possibility of partnering with a fund or securing a credit line to expand my reach and find more clients.

Are they doing everything possible to expose properties to the broadest possible market?

You don't want to overstretch on the first one.In terms of evaluating quality deals, you won't know what those are for a while so you want to get as many reps looking at properties as possible.

We are looking into the possibility of starting out OOS investing in Indianapolis.

We're possibly (sorry for using the p-word) talking about 200 hours.

Through the LLC structure it is possible to take advantage of the existing mortgages modified first at 4,125% 22yers and 1%, yes one percent, for 40 years.

My job every month is to operate with as little $ as possible in banks that pay nothing, getting every dollar possible into my money market accts earning 4%+.

I would then work to renovate the bad unit as quickly as possible.