I would consider the tenant's past, as well as the condition of the unit, my local market, and other factors.

Then, start building your connection with local agents, contractors and property managers.2. 

@Craig DanielsI own a local top reviewed real estate brokerage and property management company in palm bay.

I am new to real estate investing and looking to connect with any local investor.

I especially liked Matt's process of creating my business plan as it forced me to really think about it, get it right and make it easily understood by my clients.His process for the offering also made me think about transparency and other ethical issues that are required by law to be disclosed in the offering.

Are you focusing on local investments within LA County, or are you considering opportunities outside the area as well?

The solution could be a creative financing solution such as a total or partial private note, an assumption of the note or LLC, a speciality or local lender, or any combination thereof. 

I have been trying to get a distressed/value add LTR property under contract in my local market for some time now.

Does your local jurisdiction require you to return those fees if they were not screened? 

Other locals with similar experience had mentioned that this scenario might not be the best fit and it turned out to be correct.