@Francisco Feliz I like it.

The property needs some fairly standard improvements: fully updated kitchen (existing is old 1950's era metal cabinetry), refinish floors, painting, reconfiguration of the 2nd floor bathroom and moving the laundry room from the nasty 4.5' tall basement, up to the nicer 1st floor.I used zillow to find the three most recent sales, on the same block and arrived at an ARV of $85k.

The house I chose is a 50's era, pre-fab manufactured house by the National Home company.  

Originally posted by @Tony Sera:@Sam Grooms & @Ben Leybovich Thank you for this thread and the play by play.

For that apartment in Los Feliz, LaFlamme said, he found a tenant in less than 24 hours.Now peeps are saying it is driving up rents and creating more regular rentals shortages. 

@Francisco Feliz where is this property located exactly?

Hey @Irko Maurizio Sera thanks for the shoutout!

This is a 1900's era house, and I am thinking that since excavating is involved, I would likely want to replace the water main from the city's shutoff to the shutoff in the house also...Basically, I am trying to decide if I want to continue forward with this purchase or walk away from it...Thanks!

It's in the Los Feliz, South of Franklin area.I just saw a lease agreement for $6,595.My comps shows that I should submit an offer of $650k/$700k.Some Realtors, not sure if they're lying to get the listing, are saying they could list it for $1.1M.

Looking for insight on which buildings would be better for investing. 1920's era vs 1950's.