I should have clarified my statements.I'd have to say that sums up my observation about wholesalers in general.

Patience, perseverance, and being observant are extremely important in this field.

Any specific observations and recommendations would be appreciated.

Hi all,First of all, I just want to say that this community has a ton of great information and for the past week I've been reading/observing so much information about real estate.

I've never bought a HUD home so I'm not sure about inspect periods, but I agree with Rob K about proceeding with caution.I'm in your area so I guess I have a couple of questions/observations.

It's evident from your questions that you don't yet understand the process (no offense meant, Maria, just an observation) so don't try to do this on your own without knowing what you are doing, or having someone in your corner who does.

For the past 2 years I have been observing the buy and rehab activity of single family residences near Studio City and elsewhere in A+ areas of Los Angeles.

I think I need to observe first what's going to happen and need to do more studies.

A couple of observations:- What is in the Permits & Plans number?  

I have a small solution for the 2nd question which is right after I bought the property (and I left this detail out), I signed up for a NextDoor subscription to observe to see if the neighborhood is deteriorating.