Market OverviewThe Los Angeles apartment market is comprised of 864,197 units in thirty-seven geographic concentrations ranging in size from the 62,684 unit Hollywood/Silver Lake submarket to the Tujunga/La Crescenta/Montrose submarket, which amounts to 5,448 units.

If I was evaluating that property, a couple of things would stand out: I agree the 5" slab probably isn't sufficient given the potential for freezing and movement under the slab.

Hi @Rhea Jeong,The situation you're describing is actually pretty common, especially for first-time investors looking to maximize their purchasing power.You’re correct that some lenders will consider a portion of the rental income when determining how much you can borrow, typically in the 75-80% range especially for FHA loans.

Depending on the # of licenses, Costar might range from $300-$450/month per user.  

You do need to send in a check with the extension, the irs provides guidelines for calculating the amount.Real estate investing complicates taxes sufficiently that I have found I save way more than I spend by having a CPA who specializes in real estate investor tax returns.

Your primary insurance policy with $300,000 in liability coverage should be sufficient in 99.999% of all lawsuits.5.

In Syracuse, the $800k+ price range is experiencing slightly less competition- I had a large complex just close at a 7-cap.

I could move that equity into other projects, including properties that would rent for more efficient rates (rentals in the 3/2 to 4/2 2000sf range here tend to go for about $2200-2400/mo).

That mid-range investor if doing a fund in that range is going to be very difficult to find enough product, cover your overhead and pay the investors. 

Here are the other choices in this range: https://www.zillow.com/homedetails/162-Ash-St-Santa-Rosa-Bea...https://www.zillow.com/homedetails/49-Debbie-Ln-Santa-Rosa-B...https://www.zillow.com/homedetails/70-Pointe-Cir-Santa-Rosa-...https://www.zillow.com/homedetails/429-Montigo-Ave-Santa-Rosa-Beach-FL-32459/67187461_zpid/?