Would definitely take your advice and probe the likelihood of the investor continuing to come back to us with the other properties. 

Quick tip for the newbies (newer than me at least haha) Market yourself!!!

If you have any questions about anything just contact me at any time.  

When my contractor couldn't meat his price, I had the electrician rewire my house , and the contractor did everything else.

This is not a true investing property for me at eh moment because, I am getting it for my daughter.

Please contact me at ANYTIME.

That said, with the limited information you've given, there is still probably some meat on the bone.I can't do accurate math for you because a lot of it is very case by case, but major expenditures you should add in are vacancy, roof, HVAC, property management, and any concessions you give tenants such as free water, cable, yard maintenance, etc.

I suppose the AVARAGE Canadian family would sit beside me at the restaurant and have their bill total $75 with drinks etc...TIP:GROUPON + GROUPON PROMO CODES like 10$ off first groupon or 50% off flash sale.

So finding a deal with enough meat on the bones in the Los Angeles area is tough (for me, at least), so I've started to look at foreclosures.

More buyers, fewer sellers has turned this into a sellers market and less meat on the bone for the average flipper like yourself.