On public websites, I see some options to acquire a duplex in central Los Angeles under $550K which would require at least another $50K of work if I do not outsource most of the labor.

I know it is an especially difficult market to break into as a new investor due to demand and competition, but I feel that it is still my best option.

Like any tool, you have to know how to use it correctly or you could get, "injured".We use it to quickly sift through multiple options - and that's about it.BP has a Rental Calculator that includeds everything you are asking about: mortgage P&I, property taqxes, home insurance and percentage for maintenance & vacancy.It also includes Cap-Ex percentage, but in our experience it's a waste of time to worry about this.

I'm honored to teach workshops and webinars at REI Accelerator and I've gotten to know the coaches and leaders there and I can say they are absolutely trying to provide value far beyond the cost of the program.REI Accelerator is focused on results, not hype, or emotion, or upselling this seminar or that seminar.

You will likely miss some deductions using the commercial tax software but it’s the cheaper option and starting out a couple hundred dollars in deductions missed likely isn’t that big of a deal.

What are your next deal options?

Hey all,I’ve been diving into options for software to help streamline real estate rehab and construction project management.

What other options would be good?  

Sometimes cities will allow this, but it depends on local zoning rules.If neither option works, it might be worth consulting a real estate attorney to explore your options.

I plan to speak to my broker and it's probably a question for their lawyers, just wanting to check all my options before I choose a route