I'm an Attorney here in LA I used them it was fine. 

I had a similar situation with a landlord, it was a house with a guest house in the back, two separate tenantslandlord wouldn't let me inspect, I reached out to him via DFD, place was beathe was hard to negotiate with but assured me that the tenants would be out if I purchased since he said they were both on month to month leaseshe wanted too much for the place and was local, seemed like he was just testing the market since its so hot here in Los Angeles, place was distressed but not a lot of motivation from himI did give him an offer though just basically assuming the place needed a lot of work, I calculated $35sq ft for rehab, I went higher with him and used 75% of ARV minus rehab and hard and soft costshe was a little insulted by my offer but LA is a tough market

Hi @Mike Castellow, I completely agree with your investment strategy as I am trying to do the same in LA. I

He had a nice house that was well maintained so I told him I don't pay top dollar and so he's better off trying to sell retail, especially since we're coming off a really hot time in LA.  I

LA is hard because cash flow just isn't happening unless you're headed up north.

I am a loan officer for a small mortgage broker here in LA.  I

The time frame varies in the states, CA is 5 years, PA is 21 years, TX is 25 years, and LA is 30 years, for example. 

If I buy a house all cash in LA, I am assuming I will be cash flowing.  

Next meetup in LA is on Feb 28th!

Further, given my monthly student loan obligations and current salary (Took a 40% pay decrease to move back to Denver from LA) I think I would have real trouble qualifying for the two properties without including the expected rental income.