East LA is a different market so 0.88% might be right at market, or it could be a good deal or it could be paying too much.  

Even for LA.  I

Good contacts to make would be Randy Quay with Homewood Properties or any of the guys at Homevestors, NetWorth Realty, or New Western Acquisitions.  

I am currently in LA, I found a SFH in Phoenix, AZ 85041 that needs some TLC.

I am also looking to start a Real Estate Investment in-person group (eventually) as part of my 2016 new years resolution (along with a goal to do 3 Flips in LA).I would love to met other Los Angeles based investors, hard money lenders and wholesalers who like teaching while they do business.

Im in the Los Angeles,CA area (more North of LA).I want to meet up once or twice a week for coffee or breakfast /lunch , just to talk real estate or any other business venture you are in! 

I have nothing against Texas, nor am I especially gung-ho about LA, I just believe it better to stay close to home on your 1st go around to learn hands on and better manage your risks.

I think they also have locations in San Diego or LA. I

Hok Lai,My guy is in the DFW area and he is pretty good at fixing up flips.

The housing market in LA is ridiculously hot right now, but perhaps that will change by the time you move.If you're stuck on those numbers, I would consider Inglewood where you might be able to get close to what you're looking for in terms of price/square footage.