I believe with my budget LA is out of reach, but palm spring or such areas might be doable.

Not sure how far south you’re looking, but South LA is seeing growth.

where were you when about 200 plus families in La I had to foreclose on and take their investment property from them.. its a nightmare I am not saying no debt its not realistic until you get to a certain level but having free and clear assets is a choice and no one can take them from you..I am a gambler anyway I gamble on appreciation every day.. and value add..so maybe I am not the best to have this argument with.but when I look at the truly wealthy friends I have and I mean truly wealthy  not 7 figures but 8 figure to 9 figure net worths most of what they have is paid for it not all.. unless they are in big syndicated deals.. houses are paid for second houses... house s at the ski areas the lake front homes.. etc etc.. but I guess I am just more in the limit debt camp for long term liabilities..

What's the wholesaling market like in LA? I

But I understand that building a rental portfolio that will cash flow is incredibly hard in LA. I

@Elaine Lai, @Matt M. is right on a few things: 1.

There's huge value in that book and his other ones as well.The only thing about house-hacking in LA is you aren't likely going to end up with cash flow on it.

LA is a tough market to get started, so wise of you to look out of state.

LA is on the west coast same as their current HQ, i.e., Seattle, so from running a business perspective it makes more sense to have the 2nd one close to east coast.

Mortgage Insurance Premium 586.33 Mortgage 3281 Total Monthly Expenses 5,075.33 Cash-on-Cash Return 26.73744578 Based on the above analysis, here are the key takeaways – 1)The property cash flows - $924/month2)Cash on cash return is 26% which is pretty good in LA I reckon. 3)The main thing I would like to note is the solid Cap Rate of 8.2Scenario 2: The actual scenario with only one rental income since we moved into the front house.