I'm looking at purchasing my first owner-occupied duplex in LA in the next month or two, and man does this thread scare the crap out of me. 

203k is appealing and can make magic happen, but in hot markets (LA in the summer...) the house and the situation of the seller really needs to be a perfect match.In general you don't go find a house to 203k, you go look for any old house, coincidentally find a house that happens to coincidentally be a perfect fit for 203k, and then you start talking about 203k stuff.Typical characteristics:Too crummy for cosmetic flipper types to want.Seller more motivated by sales price than by closing quickly. 

Thank you in advance 🙏🏽Aloha🤙🏽Laine

Thank you in advance 🙏🏽 Aloha🤙🏽 Laine

But I believe Chicago is one of most affordable / cheaper metro areas to live in compared to places like SF or LA in California as an example.

@Laine Furukawa I just sent you a text to connect. 

Hi Alex,I am coming out to LA in April to meet with one of my investors.

Thanks for the warm welcome and encouraging words @Brandon Leiser and @Christian Laines!

I just think that I will also have to consider getting some money out to invest elsewhere (outside LA) in order to start getting rental properties and cash flow.