Plus, even when we move out and rent that unit as well, we would stIll need to pay $1500-2000 out of pocket, which would make it difficult to save up and grow our portfolIo So at this point if we can’t find a cheaper property in LA area, we’ll most likely start InvestIng in rental properties in Fresno or Dallas just to start building our portfolIo and continue paying rent.

Although, 2-Family houses are pretty cheap you would make better cash flow with atleast 6-8 units or more because the cost of living is cheaper there.

most 4 plexes that pop up on market need alot of repairs and are pretty outdated and i can build one probably cheaper then buy and repair and have reduced Capex in the first few years, well in this town anyways.

I have a 15k minimum profit on cheaper properties and shoot for a minimum of 20% for more expensive ones. 

You can certainly find towns with cheaper homes, but Colorado Springs is a desirable town that is growing quickly, and will continue to grow for years to come. 

I have seen those with one investment property close in their own name, for cheaper, and get an insurance policy that was more than ample to protect from loss (eg. $1 million policy).

I spent money when I think it’s worth it and I don’t when I think I can do it cheaper or do it myself.

They’re cheaper than using an appraiser and may or may not be correct.

Both have cheaper and smaller versions that can be bought in the 40-50K range, and both have homes that run 200-300K.

North Atlanta AreaDo you think Home Depot is cheaper than private handymen/contractors?