First of all when we opened up a lot of walls we noticed there was a lot of water damage and we had to replace a lot of rotten wood along with all new insulation on exterior walls and a lot more sheet rock then we anticipated.

If you get it done, you should thank your lucky stars, and I'm extending every hope that you will.But you probably won't, and you'll be the reason all the gurus have to put up the disclaimer, "ASSUME MOST PEOPLE MAKE NOTHING."

Option 1) is more for guys like me with wife and kids who would like to invest but not rock their financial boat.

Looking too network in these areas . Looking at first deal & how too go about. Property in my brother name, mild Work too fix up been done on my part, move in ready.
Looking at prop manag. Or not
Assumption or co...

BP rocks!

I put new tile flooring throughout, added a closet to make a 3rd bedroom, new appliances, new paint, new counter tops, refinished cabinets and added new hardware, gutted and updated bathrooms, landscaped outside plus lots demo, fixed a roof leak, sheet rock work ect.. for $13,500.

But, be sure you either hire a rockstar PM or take the time to learn the rental business really well yourself or you will learn a second expensive lesson.If not, my suggestion would be to drop the price aggressively to minimize your losses.

I live in Inglewood and can throw a rock and hit 90047, there is value there and my favorite pockets are within 2 miles of the Inglewood stadium development.Originally posted by @Shiva Bhaskar:Originally posted by @Andrew Lawlor:@Shiva Bhaskar and @Nabil Suleiman Thanks for your insight.

They do not want to rock the boat or have a big headache.

All in all, be aware of a couple things and rock it!