As a new agent, my goal is a sustainable and healthy long-term strategy but I'm also trying to secure as many listings as possible.

This is also our niche, i.e. buying substandard houses at low prices, full rehabs and healthy rents with minimal capex for a long time.

If you invested $55k in a portfolio earning a healthy 8% compound interest, you'd get to $1M in just under 40 years. 

With the housing market beginning to normalize in Southern California, healthy transactions are starting to occur.

That being said I think your 143k reno budget is a healthy one and should be fine in almost all cases.

We have been making Millions in profits and a very healthy Cashflow over time.

Affordable housing is another healthy market here, though it's been tough recently with the rent moratorium.

You’ll want to know if it is this a cash flow deal, a deal geared more towards growth, or a deal that has a healthy mix of both.

I am a carpenter/natural builder, and work full time for a small yet powerful contracting company doing historic restoration, general carpentry, natural building, and new builds with a focus on energy efficiency and healthy housing.

Hence a slight inventory increase and some geographic luck is producing a lot of properties there.I am not a the sky is falling person thinking the bubble is about to pop, but a healthy correction is likely in my opinion in the next year.