My larger question, which would likely encompass those others, is what types of professionals should I bring in to help me uncover any issues?

Maybe not, as I do not know all the details encompassed in this suit, however in the arena of business it is never personal when playing a chess move to protect your livelihood as Kiyosaki has done.In the end, no an LOI is not enough.

Due to the financial down turn, not so many people like to purchase to the area ( the real estate tax is high and houses are old and charm).

The attributes I bring with me beyond life experience encompass so many angles of owning, investing, renting, renovating, building etc  except as the owner or investor.  

South Los Angeles encompasses a lot of various neighborhoods such as Leimert Park, Vermont Harbor, West Adams, Inglewood, Crenshaw District, Watts, South Central, etc (I think our first handout identified 14 different neighborhoods) but I do recommend driving the various neighborhoods because each one has their own activity and development going on. 

And she was very charming.

Thanks for that very encompassing welcome.

Higher returns really do encompass more (often unstated) risk and I think one has to have a 'win some, lose some' mentality to survive with those deals.

I really like San Pedro and find it really charming and relatively inexpensive compared to other coastal SoCal.

I made up a few numbers, but I got~193/month cash flow6% management75/month trash25/month random utilities10% vacancy(guess for first year)My general columns below encompasses both capital improvements and general maintenance.All monthly numbersMortgage Rate5.50%Length of Mortgage in years30Monthly Mortgage payment$426.36 Taxes $300.00 Sewer and Water $100.00 Trash $75.00 Heat/Utilities $25.00 General $125.15 Mgmt Fee 6% $86.40 Insurance $108.33 Total Expenses$1,246.24 10% vacancy for the yearUnit 1 $360.00 Unit 2 $360.00 Unit 3 $360.00 Unit 4 $360.00 Unit 5 $- Unit 6 $- Total Revenue $1,440.00 Cashflow/month $193.76 Cashflow/year $2,325.10 ROI7.74%