@Pearse CafieroWhen starting out with your first rental property in Los Angeles, I’d recommend exploring FHA loans or private lending options to get your foot in the door.

Are those terms "fine print" or only the terms that POA did not read?

@Silas Melson, I agree with @Bruce Woodruff that a price per square foot approach is likely to be the least accurate and least useful.

RealEstateIRA's, there was no fine print.

They said it’s way too small for the price. (3,192 square foot total) 2,200 on the main floor alone.

Also, its much cheaper to send a larger volume of street view postcards or letters using a large printing company than it is to send through deal machine.

I would say it's more of a scam to offer a seller <70% on a property that needs $5k in material repairs  and flip it for 125% without stepping foot in the property.

Note: We do 50+ investment property loans a month and the most important thing I tell BUYERS of properties being sold as or soon to be STR is make sure you are paying the market price per square foot and do NOT buy based on income approach/CAP rate.

Multi-family properties many times provide a better return per square foot than single family, which would be to your advantage as well.As long as you're mindful of the reinvestment requirements and purchase at least as much as you sold and use all of the proceeds, you shouldn't have any issues with this strategy.

I am new to the real estate game and got my foot in the door by purchasing my first property as a live in renovation.