Seeing this as an opportunity to have property at a massive discount in Los Angeles without needing to put $150k+ down would be great!

I never got results and there is a MASSIVE cost to sending the letters out they don't tell you about in addition to the startup cost.

You are missing a massive audience by not going on the Mls.

I've created a digital project workspace with a massive TDL that includes contract creation, finances [such as bank accounts, budgeting, and tax prep], marketing/branding [deciding on selling as myself vs. creating a company], and CRM/Outreach. 

After the project managers left, I sat there and just talked about real estate, family and what he has done to amass 60 multifamily units in the Memphis area.

If they are close but have strong savings or minimal debt, you may consider flexibility.Stability: Look for steady job history and long-term rental history—frequent moves can be a red flag.4️⃣ Attracting More Applications:Market your rental everywhere: Zillow, Apartments.com, Facebook Marketplace, and local housing groups.Professional photos make a massive difference—renters scroll fast, and bad photos get skipped.Price it competitively!

This is a massive risk for you with minimal return.

Unless you have a massive deposit relationship with them like 1m++++ then they may do 20%That said they will finance the rehab if you’re a strong borrower and it pencils. 

You can also rack up a massive degree of fines.  

Quote from @Melanie Baldridge: In 2025 the bonus depreciation rate is 40%.This means that if you bought a property for $1M in 2025, did a cost seg study and found $300K in eligible assets that you could depreciate, you could take 40% of that $300K as bonus depreciation to offset your income in the first year.40% of $300K = $120K.You then apply that $120K to the owner’s personal tax rate to find the final amount that they can defer in year 1.If your tax rate is 37%, you can defer $66.6K.This is a big deal even at the 40% bonus depreciation rate this year.It’s a massive benefit