Quote from @Jared Goldwasser: I live in Los Angeles and am looking to purchase my first investment property this year -- interested in single family or duplex units.

And you can determine the sweet spot for pricing your place based on comparable properties that are your competition."

My current purchase (closing in February) is a luxury cabin that will be an STR.  

Purchasing real estate is capital intensive.

Most propane suppliers will offer a discount if you purchase your own tanks outright, I save around $1.00 per gallon.

Price needs to be fair but how your clients are treated and the service will determine your success.

You’ve decided to get a cost segregation study on your real estate property, but you aren’t sure how to determine which company to choose.

Hey @Brett Baker, generally, any place with a great water view or directly on the water will bring more revenue.Of course profitability will all be based on purchase price and prevailing nightly rates in the area.If you find a cool 2/2 or 3/2 right on the water with a great view for 1.5m or a 2/2 or 3/2 house a block away for 600k, then I would look at the house over the condo.

@Jullion Cooper Congrats on your purchase!

You've shared so many gems and described a realistic depiction of purchasing an investment property.