However, I was wondering what BP thought about the current state of the LA market and where it may be heading in the next 6 months or so.CAP rates in LA and SoCal have been compressed for some time now especially with interest rates where they are.

The compression of margins on fix and flip projects also means investors have unrealistic expectations in order to turn a profit.  

It'll take time for either sellers to see the light and compress the bid/ask spread, or for buyers (or at least this buyer) to have the confidence in the near term performance to underwrite to more optimistic assumptions. 

this compresses the payments (higher) because you are accelerating the payment schedule but why would you?

Demand had been going up, consistent rent increases, compressing cap rates and price appreciation, tax benefits, and depreciation.

Also, if by May things don't settle down in your market and your seeing price compression much quicker than expected then you may have to employ your Plan B (rent it then refinance it, or do a lease-to-own, etc. and definitely vet the renters to verify strong income).I'm still buying up here... actually I have 2 flips hitting the market this week (perfect timing), 1 still in construction (done around beg. of June), and I have one deal in the pipeline (seller financing).

I was also looking into precast construction which should compress the timeline and keep costs lower. 

Today I did some maintenance on our own place such as fixing lights in the garage, working on the compressed air system in the shop, installing some tool hanging brackets, repairing extension cords, fixing a rototiller, etc.

With the markets volatile and trading at compressed valuations, clients can consider taking discounts on their traditional IRA account(s) by executing a conversion to a Roth IRA.

I prefer owning SFRs and small multi-units over the larger multi-units for a few reasons:On larger deals you lose control due to the syndication.You can't sell to a retail buyer if rents compress (the value of the property is strictly based on the income it produces).A mortgage payment on a larger building is harder to float if something happens (flood, fire, etc.) whereas I can cover the mortgage on one of my single family houses if it floods, and the odds of all of them flooding are very small.Hope that helps!