The hardest part so far has been not acting right away, but instead learning all I can before I get tunnel vision into one area.

On one hand, a buyer with vision to live in the house and rent out the duplex may want the lot at pre-plat for financing purposes then they could later complete the partition and get construction financing for the duplex.

(someone who develops into a partner).I'm looking for people who are so hungry to learn and gets the "vision" that money is not the reason to work for me.That's what I'm trying to get at.     

That person and I had a peripherally friendly relationship, and when it came time to sell the house, he called me first.  

In all respect don't short your vision for what's happening, do "what you wanna see done."

Most buyers have no vision.

Don't get tunnel vision on whether or not the deal meets your "wholesale" criteria.

i dont know I'd want to hold the properties long term as my vision is holding a large portfolio of A- single family rentals...these aren't quite in that but would give me cash flow, management fee income and fall within the realm of what I've been working with the last 10 years.

I liked Alex's (founder/owner of Elite Invest) drive and vision for his company, so I invested with him...

Is it crazy to think that 40k discount off of the appraised value is fair, given that the improved price is could be as much as $600k for a house this size in Los Angeles or have I let the flipping shows cloud my vision of reality?