PVP (including the less jumbled up blocks/areas of san pedro) is synonymous with luxury (unlike Compton and increasingly many urban areas of socal) so at least there is value added / luxury potential appeal to any multifamily you invest in, ie get as a fixer upper deal and actually hold long term for rent cashflow - as opposed to flipping(which subjects u to capital gains).

And make sure your ARV is for that neighborhood, not three blocks away because a B area transitions to a C area pretty quickly.

The bay front area (5 blocks from Gannon is getting better and better.  

On her phone came a new MLS listed foreclosure alert which happened to be 1 block from where we were and by the end of the day I was in my first "highest and best" showdown. 

Apparently VRBO / HomeAway is no longer allowing you to use your shared Google Calendar to block dates on your booking calendar "because many calendars from this site include personal events". 

You acquire, fix the issue thereby adding value, properly market, and sell for top dollar (relatively).But, if your answer is an external factor beyond possible repair (general area, the manufactured/trailer homes a block away, the major highway with retail/industrial vibe a block in the other direction, etc.), then you're probably better off moving on to the next one.  

Need advice on if it looks good.here are the stats- property near Leschi 6 blocks from beach in central district.ARV is 610k-625k high endPurchase price- 360kRehab costs- 80kLoan closing costs-12k120 hold costs- 16kMonthly taxes and insurance-$375Utilities est. monthly- $100Realtor selling fees-5% $29,500 (we have a close friend for the agent.)Sale closing costs- $2,500Excise tax- $10,500Estimated profit range- $100k-115kDoes this look like a good deal am I missing anything?

The building code may also want you to use some special caulk/sealer between the door frame and the wall, before you put the trim on; this caulk swells up when hot to block smoke and gases. 

We would live 3 blocks from the university so college students would definitely be our market.

As well as eliminating the redundant door (literally three feet from the rear slider) by concrete blocking the hole closed.But in the short term I have a contractor rehabbing/replacing the damaged door - at his discretion of the best / fastest course of action.