This is after covering all expenses and setting aside a certain amount for reserves to cover future expenses like capex or vacancy. 

All the cheap properties are MAJOR fixer-uppers with no Rent Zestimates - probably because there are not enough rental data points.This one is priced at $135k with only $1,152 Rent Zestimate.

My issue with your specific post is that it sets up a strawman and takes a personal shot at other posters.

I know there is of course no set rule out there but just curious on folk's experiences.Also curious to know folk's thoughts on what the CONSERVATIVE median $/sq ft for the Los Feliz / Silverlake area on LA is.Thanks all!

Start by reading Rich Dad Poor Dad and Set for Life to shift your mindset, and remember that your first deal or breakthrough networking moment will boost your confidence.

Set a bunch of them with peanut butter.

Starting small with multifamily properties is my ideal preference at the moment, as I focus on learning, growing, and immersing myself in as much information, data, and real-time experience as possible.As I build my investment portfolio, I could definitely see myself being interested in scaling up to larger acquisitions in the future, but for now, my focus is on mastering the fundamentals and starting small.

Focus on getting your finances in order, setting achievable goals, and finding a mentor or local real estate groups to guide you.

We had a call set up for a Monday in December and by Friday we found the house we wanted to purchase through them. 

Payouts would have to be set up from the sellers primary Airbnb account and you would want a contract written.