My opinion for what it's worth, Account Closed, is that it's much harder to find a deal now and make the numbers work.I believe there is more "investors" or at least people attempting to invest than ever before - combine that with our current situation of higher than what "most of us" are used to and low inventory = 10X harder to find good deals - in my opinion.Wholesaling being easy is a myth...I know so many people here in Chicago who talk about it, but the number of people doing it at any scale for a length of time is nearly zero....the one guy I know who's been at it longer than most here in Chicago is @Zach Shepard and he's a silent snipper!

Request reports for maintenance, accounting, etc. on a more regular basis if you want updates.

Work hard, study hard, save your money, and buy a profitable property. 

I would definitely talk to an accountant if you haven’t done so already.  

@Muhammad Rehan,I second @Greg Parker's comment about Alabama, especially if your goal is to generate positive cash flow.I personally have a hard time believing that rentals in either Fayetteville or Pflugerville can deliver cash flow after accounting for all expenses.

Plan your renovation timeline to list properties during peak buying months - also take into consideration that snow and rain will affect your rehab.Another way that you will want to take climate into account is  that given the cold winters, energy-efficient improvements like insulation and modern HVAC systems can be attractive to buyers.

When you start bringing in investor money, you can reimburse yourself for all those costs, but that doesn't mean you can just start a syndication with no money in your bank account.  

Their pro forma sheet doesn't take into account ANY vacancy or repairs when calculating cash flow, and the rent comps are...ambitious. 1.

Specializing in how to use your investment accounts to invest.

And, as Nathan noted, you are likely giving up huge appreciation potential, which will likely never be replaced by cash flow.But at the end of the day, if you are in a declining market in LA and are able to find great deals in higher cash flow areas, taking into account the likelihood of needing to outsource everything and additional travel costs to visit the properties a couple times per year, and you don't really care about appreciation, then it could work for you.