But for a noob investors to say "I want to build a multi-unit building" in a place like LA it's like going to Hollywood, walking into a studio and telling them you want to star in a major action film. 

It cost me roughly $36k to flip it from a dingy college rental, into a vacation rental with 20, 5 star reviews (and no others, out of 42 guests total so far).

Hi @Wesley Whitehead, good to have you here!

And if these aren't super strong properties, meaning you can't pay any of them off, because you are not a super duper rock star real estate investor, then why should we expose ourselves to more risk? 

Its the same thing in cheap markets were they sell say 130k new construction.. those deals usually have 10 to 15% gross margins so they are making 13 to maybe 20k if they are really lucky net profit but getting good leverage and pumping out 50 in a year.We will build about 40 homes this year.. so while we don't hit homeruns we make it up in volume and god willing the market holding and the star's aligning and every other lucky charm we can pull .Like @Will Barnard even though it was an outlier for us we did a 5 million dollar flip and made 1.5 on it.. but that was not something we could recreate .. and I don't have the stones to do that these days.. with my cheaper homes I know my bank will let me make them into rentals if they don't sell and with the rents the way they are they would cash flow or be a tiny bit negative as we rode out the market... 

Well as a former Udemy instructor gone rogue...I offer my course on Creative...oophs cannot5 say anymore or I would be violating the BP policy for promoting myself in this area.Damn it Jim I'm not doctor (Bones McCoy; Star Trek)...I am a real estate investor...and rightly so.

That's great story in the lone star state :), you could never do flip like that in west coast states, great work!

Kim Meredith Hampton gets the star for now.

Banana, Plaintains, Papaya and Star fruit are already fruiting. 

He was proud he had done one room in a Star Wars theme, another in a camo theme, etc..