Below are my numbers...feel free to dissect my methodology, however the ARV is pretty consistent with the market in that area over the past 6-12mos.Email if interested.

Don't rely too much on AirDNA's numbers, as their methodology and data isn't that great, but it can be useful for looking at patterns in a market.

Agreed with Account Closed, @Theo Hicks has a lot of wisdom to share here.My methodology has been a combination of pulling publicly available lists and places like Listsource and AgentPro247. 

I am VERY HAPPY to add my first property, and I would like to know how those investors and experts in Real Estate in Los Angeles invest in this market and what are the best deals and tell us a little about their methodology here.PEACE, LOVE AND CASH FLOW

After I started using J Scott's "appraisal packet" methodology, I have not had a single FHA deal have an appraisal issue.

I can see your probably expecting rents to allow you to live free, so maybe that is the plan and breaking even would still benefit you.In general, the methodology here is to buy a distressed property at a price that provides immediate equity upon purchase, just like if you were planning to flip the property.

But I think you should be pointing this out to the OP since he is suggesting this very thing in his methodology.

Otherwise, if you just setup a bookkeeping methodology (e.g. even something as simple as Excel) you don't need to open more bank accounts which means keeping track of more a/c numbers, ordering more checks potentially, etc. 

It is an art but it requires some science and a good methodology. 

This is the last section in my new business plan methodology.