But, in LA I say Flip and Develop if you can find the deals!

I am interested in getting into real-estate investing in the DFW area and New Orleans, LA. I

For that reason outside the City of LA is better.

Also, LA is a dynamic market, not every property or even every strategy is going to work all the time in this market, but there will always be some strategies and some properties that will work, if you know how to spot them and work them.

Since I'm new to LA, I wanted to ask those who are experienced in these markets how it is.

@Ray Lai Sounds like you might have listened to the Dave Ramsey baby steps!

Take a look at http://www.hgtv.com/shows/flip-or-flop/flip-or-flo...videos to see a couple of the "beautiful people" with smarts and money doing rehabs to expensive houses in LA. I

Just moved from the Dallas TX metroplex to Houma LA.  I

These comments are also specific to our market in south LA - I understand there are different market conditions that dictate the relevance and best use of these ROT elsewhere.I belive it is best applied as an exit rule that relates to return on equity. 

It is well known how expensive LA is, therefore I am open to any other areas.