Maybe something is getting lost in translation during the conversation?

The advertised caprates are like 6.5-7.5 which actually translates to about 4 when accounting for property management, repairs and capex etc- so very similar to what we find in North if u can self manage.Are'nt appreciation rates expected to be higher in North than South going forward?

Does this translate to : putting together a new local team in a new market, or:building inventory? 

Whether it be a residential flip, or an apartment plumbing leak, my skills translate.

I can also show you properties in my market that would be 50% and the profit wouldnt be worth the time to take on the project.Always translate the percentages into actual dollars.  

That said, with an experienced flipper, hard money in LA should be between 10-12% and private money all depends on your own resources but typically 7-10% and not over 10% in CA due to usury laws (unless the lender is licensed or a licensed broker underwrites the translation -which defeats the purpose of avoiding a HML).

I assume you have something like a 50% expense ratio every year - so basically this improvement will net you $600 additional dollars (1200 times 50%), which translates into a 12% return on investment @ $5,000.Everyone has their own goals on what is an acceptable return.  

I am an active investor in the capital markets which I believe would translate well to the real estate market.

Whether that's creating a relationship that translates to someone willing to take on risk on your behalf, loan you money or otherwise further a deal, that's how you can put together a deal with little to nothing. 

It blows my mind that companies can be this far apart but it translates to all aspects of the business and you have to very careful.