The George Lucas Museum, Coliseum & Exposition Park renovation (preparation for the Olympics), USC's continued investments in the area, LA Ram's stadium, Metro Rail development, and the fact that much the rest of Los Angeles is unaffordable, are all contributing to the development here.

Prepare the unit and re-rent it as soon as you can to mitigate your loss.Compensate your loss by keeping the security deposit (since it's allowed by the terms of the lease).

For SBA loans we always ask for annual reports, but I've not seen quarterly reports as a requirement before. you'll most likely have to send in your annual T/R's but for quarterly's I'm sure they just want company prepared statement. do you have an accountant?

I only run the check at the very end of the process and only if I am prepared to offer them the unit.

Be prepared to bite the bullet.

If you're prepared to research and request the whole picture.

We all want to be completely prepared before going in.  

Now, the property isn't all that expensive, and if you are prepared to break even, or take a small loss, in order to learn from the experience, seems like this would be a relatively safe way to do it.

Stanley was fascinated by the different ways women get rich as opposed to the ways that men get rich.He believed that his research into millionaire women allowed him to separate them into two distinct groups, with minimal overlap -- women who got rich because they came from stable households that prepared them to become successful with money, and women from very different, unstable households who got rich in spite of the odds.

@Mike HoeflingAre you prepared to accept rents in cash only?