If you are going to try it anyway, you need to get in a low competition slot.

Is that competitive in the current market?

That’s because everyone who lives there pays a fraction of the rent they would otherwise in Napa Valley.

We pay too much for housing, material, taxes....Flipping is definitely a great business, but in LA, there is too much competition and very low inventory. 

You've already taken some good ones by listing the property on Avail.co and MLS, but since it's been vacant for 9 months, consider if the property is priced competitively for your area.

You can potentially find undervalued properties, rehab them efficiently, and achieve good rental income.Decent rents: $1000-$1600 rents provide a strong foundation for positive cash flow after factoring in rehab costs and ongoing expenses.Cons to consider:Market competition: Investigate how many other investors are using BRRRR in Wichita.

Make sure you are priced competitively for the unit without heat included.

If you already have a group of investors you work with, understanding their capital reserves, risk tolerance, timelines on return, and various other factors to help you understand what properties will be good deals for them and should help you narrow down your scope.When thinking about what tools to use, think about what you need to get done.As a wholesaler you will need to find leads on potential investments, run numbers on investments, put together investment packages for your investors, etc.Lead Generation:- Can be done on MLS, Auction sites, etc but remember competition will be high here- Pre foreclosure lists- Drive for Dollars- Social Media Campaigns - Billboards & signsProperty / Market Due Diligence:- Bigger Pockets Tools- Air DNA- Reventure App If you would like to connect and discuss in detail I would be happy to brainstorm.Good luck

They took it back and had is audited and redone by someone "whose been doing this for a long time" and when I got it back, the updated amount due was literally a fraction of what they initially stated (my taxes due were literally overstated by like $15k)But then, someone else reviewed it one more time and again, they caught something else they "missed" which changed my amount due again and it went up by another $4k or so.At this point, I've called in my old tax preparer and she's doing her own audit so that we can compare the 3 returns TS has given me with what she gets — which is another expense incurred for me. 

You're right, speed is key in a competitive market, and understanding what hard money lenders want can give you an edge.