However, in Los Angeles, multi-family properties can be expensive, so you’ll need to run the numbers carefully to ensure it cash flows.A few things to consider:FHA Loan Limits: Check the max FHA loan limit in LA for multi-families.Neighborhood Selection: Look in areas with strong rental demand but potential for appreciation (e.g., Inglewood, North Hollywood, Long Beach).Value-Add Potential: Minor renovations to force appreciation will help when doing a cash-out refinance or 1031 exchange later.If you have any other questions, send me a DM or email!

I cannot check a box.

Here are pockets I focus on for cash flow:West side - West boulevard, Cudell, Clark-Fulton, Jefferson, Bellaire-Puritas, Old BrooklynEast side - Fairfax, Buckeye-Shaker (the north side), Waterloo Arts District, Garfield Heights, Maple Heights, Newburgh Heights, Lee-Miles (the north side), BedfordHere are the areas that I focus on for appreciation:West side - Lakewood, Edgewater, Old Brooklyn, Ohio City, Tremont (above 490)East side - Buckeye-Shaker (the north side), Waterloo Arts District, Fairfax*I have a graded neighborhood map of these areas as well if you would like to check it out.

It's a competitive market and most of the people that get in trouble here are ones that buy blindly without actually figuring out the numbers, etc.You'd be surprised the number of times I get asked after month one if their electric bill of $xxx or whatever is normal, and the thought running through my head is "how did you not  check things like that before you committed half a million dollars to something?"

There are not a ton of comps on Zillow or other websites that I have checked and it was last sold a while ago so even these resources are unable to give me a quote.  

I have cash reserves and money in retirement accounts, but I don’t want to dip too deeply into my reserves.

You picked a great community to join.. have you checked out local comps to gauge the market vibe yet?

This can help build trust even without reviews.Run Promotions Strategically: Offer introductory discounts or perks (like free early check-in or late check-out) for your first few bookings.

Instead of their cash sitting in a savings account, they decided it would be a better investment to earn 3% on their money instead of .03% in the bank.

The right agent will have worked with Canadians before, will have lenders set up that can work with Canadians and will have a seamless process for management.Not only can an agent set you up with a GC, property manager, lawyer, insurance broker, inspector and everything else you need, they can analyze deals and put numbers in front of you.Your job as an investor is to vet the vendors they are providing and double check their analysis.