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.

I have a great property in PHX that we have listed for sale, but I would be interested in running an RAL out of my house (already furnished, 5 bed 3 bath, single story ranch style home with two master bedrooms and a pool). 

I would suggest getting past the story that you are telling yourself.

Compared to the stories you hear on bigger pockets, the cashflow you are likely to get in Germany is not enough to become financially free.

It will get you a “look”, securing capital is a different story.  

The property was finally sold to a developer who built a 3-story structure housing 6 condos that sold for half a million each.Getting variances is quite time consuming in our area and I attended quite a few community board meetings which one has to attend before going to a zoning board meeting.

We keep hearing stories of people building large portfolios in a very short amount of time, and kept wondering what we were missing. 

Hey Charlie, great to hear your story!

Purchase price: $100,000 Cash invested: $300,000 This is a two story 8 unit apartment building that the previous owner walked away from.

Too many good reasons to list here.I posted my story as to see who has invested with REM and let folks know what is going on if they are looking to invest..