I have yet to hear from any house / plex hacker that did not do very well in LA. I

The liability is way too high, especially here in LA.  I

I'm looking to get some advice on my next real estate endeavor in Los Angeles.My current goal is to not only make a wise investment, but I'd also like to upgrade my current living situation (I currently live in a 5br 2ba SFH in an "up-and-coming" neighborhood I purchased back in 2016, and want to live in a nicer neighborhood with fewer roommates).Since buying in LA is insane right now ($900+ per sq ft.), I'm considering either buying a lot and building from scratch or doing an extremely extensive rehab on a very distressed property.By the end of 2022, I expect to have about $250,000 in capital and have great credit.

It can be done.Remember, the younger you are, the more time you have to play the appreciation game, and LA is one of the best markets in the country for appreciation.I'm not saying cash flow isn't important. 

@Ray Lai   I sent you an email. 

@Ray Lai Thank you for sharing your notes.

I want to live for free and try house hacking but I wonder if LA is a market where that is possible!

@Ray Lai That book looks great!

LA is short 350,000 units today to have what would be considered balanced inventory.

OC/LA is a very competitive market but can be rewarding.