The important stuff you can learn is the legal aspect and some general terminology.If you are starting out, with no experience whatsoever, getting a agent license may not be a bad thing.

Again no cost or obligation whatsoever.

I have heard and met people who are doing so, but I have yet to test this myself and so let’s talk when I do.All this is to say that essentially, you have to tune out all the “LA is too expensive” baying and gnashing of teeth.

If you do nothing else whatsoever in real estate, you will have succeeded by getting into a Los Angeles-area multifamily property as a young man with only 3.5% down.

I don't do any REO's, short sales or rehab work whatsoever.

The house was completely gutted: no sinks, no tub, no plumbing, no dry wall, no flooring, no ceiling, no light fixtures, no HVAC whatsoever, just studs, siding, some windows, and a roof.Not only do the HAZMAT guys charge a lot, you have to pay for special disposal of these demo materials, not cheap.

Not much teeth though.   

Backyard cute but small.ARV - $340,000 MAX Comps1. 20 H ST SE 98002 sold for 349,950 on 12/2016.2. 3324 M PL SE sold for 325,000 on 7/20163. 14 J ST NE sold for 300,000 on 11/2016.Arrears - $30,000     (plus 181k left on note)Rehab - $35,000Profit - $35,000Fixed costs (CC both ways, excise) - $12,000Holding (6mo) - $3,000Wholesale fee - $4,000This house is in a hot neighborhood, does not need realtor help whatsoever.340-30-35-35-12-3-4= 221,000 max offer to sellerPictures:

I do not know what the credit is now, at one time it was $50 or $100 - really inconsequential in the grand scheme of things, but it was something they offered and it would be like pulling teeth to get the credits applied.  

The man who started the park died recently which made it possible for me to purchase it, but he had no records whatsoever.