It takes a pretty decent income to be able to afford an LA mortgage.And the other component if your down payment.

@Toure Smith finding a private lender isn't that hard, but most of the time the private money is pretty expensive.

Pretty ironic, isn't it?!?

He works with pretty much all of the investors on the BiggerPockets forums and will be a valuable resource on your team! 

Gentlemen, I was waiting to confirm from my title gal - and I was pretty sure of the answer but wanted to get it in writing from her: “just set the sale price to $1.00”

Pretty sweet arrangement! 

In this market the rent:price is usually around 0.5%, pretty terrible.

That gives you an RTP ratio of around 1.4 to 1.5, which is well above your target.Home prices are still pretty accessible, and there are areas where rent growth and overall revitalization are happening.

It's been pretty tough to find anything that cash flows lately, so we're going to move ahead despite this after being told it's not an uncommon situation in this particular submarket.We'd like to try and up zone so that it's no longer non-conforming.

I'm attaching pictures of the front and back lawn (it's pretty much all mud).