Eventually, that trickles down to all aspects in that local community.The areas getting the development in LA are communities you would have had wanted nothing to do with a couple decades ago.Here is a partial list.Venice was total crap... now 1 mil for teardown.Santa Monica downtown had a ***** cat movie theater with Debbie Does Dallas playing and low lifes roaming up the ying yang...now 1.5 mil for small regular house if you are lucky.Silverlake was gang invested...now pricey hipster central.Hollywood....I used to work at Sunset and Gower studios in the 80s and it was sketchy out on the streets...now nearest condos can be in the millions.Culver City was sketchyPlaya del rey was sketchyEl Segundo was sketchyEagle Rock was sketchyMelrose was sketchyWest Hollywood was sketchyParts of West LA were sketchyParts of Pasadena and South Pasadena were no picnic either....all of these areas for most normal suburb folks were off the table....not anymore, bring your checkbook and maybe a bulldozer. 

I drove by a few months later and he had renovated the property and listed it for sale. He

I am still very hungry for knowledge and I learn from every post on this site.Now to the title captured above, I read this article by Adam Doran where he emphasizes the need for empathy and putting yourself in the shoes of the person you are dealing with, all with a view to solving his problems, rather than just making a sale. He

Pretty standard cash as-is sale.  Hence

The main house is a mid-60's 2 bed / 1 bath, and there is a large detached garage + studio apartment.This property was not on the market when I contacted the seller, but he was absentee and in the process of preparing it for sale.  He

@Saleh Riazi my default solution is cash for keys...but thankfully it has not happened that frequently...we offer $500 cash upon verification the unit is empty and in acceptable condition.

Thank you so much Saleh!

He moved away and apparently let it slip to the tax sale. He

@Saleh Riazi I think I may lean toward flipping at this point now, thank you for that info and yes I will be using BP to connect and grow a team!

Hi everyone, this is Yang and I just step into the rental property investment as my first try :).