Hi BP,I worked with a team who flips homes all over Orange County and Los Angeles.

They're in San Antonio, Texas; Philadelphia; Los Angeles; southeastern Kentucky and the Choctaw Nation of Oklahoma.

There's a few places in Los Angeles that have been considered historically bad areas, but have shown consistent improvement in the last decade - specifically when it comes to crime rates and home values.$300 cash flow doesn't leave you much room for covering unexpected expenses, for which there will definitely be some.

I want to buy something in the range of 80-130k I am also open to traveling a few hours from the Los Angeles area for my rentals.

Not sure what your state laws are regarding L/Os but it could be a possible exit strategy.

A little about me:I currently live in Los Angeles but I will be relocating to San Luis Obispo towards the end of Summer 2013.

I am going to look at targeting commercial multi family for master leases, per your suggestion, but am also still tryinig to pick a market East of Los Angeles, to find single family homes for creative acquisition.   

Long story short: Bought and remodeled my first house last year and loved every minute of it, so I dove into real estate education last year with the plan being to flip homes in LA. I spent most of my cash on my down-...

I started my freelance career with a blind move to Los Angeles in 2006 and couldn't be happier with the results.

I live in Los Angeles and to me, buy & hold here is just out of the question!