Build a strong team, prioritize cash flow, and take the time to understand the local market and regulations, especially for development projects.

From my understanding, I need a Proof of Funds in order to get under contract. 

In either case, the longer a property remains on the market, the more motivated the seller often becomes to offload it.Savvy buyers understand this and often target properties that have been listed for three months or more.

@Tonya EnglishWithout a clear understanding of what this company does (or more accurately, does not do), the payment seems excessive compared to other services in the market."

I just dont understand how people are buying at such low caps ?

You need to understand that we are only obligated to whats in contract.

Quote from @Max Martynenko: Thanks for your understanding and sense of humor!

Getting pre-approved, networking with local investors and agents, and understanding LA’s market challenges will set you up for success.Good luck!

You understand some of the basic concepts, but also have some giant holes in your plan.

But this right here..... this is a solid answer.