Also, notice 'soft' spots as you walk.

We have a friend with a rental in Mesa along the following lines- built in early 90's all the fixtures are polished brass vs the brushed nickel you see now.  

I would consider having the siding sprayed, or if you are ambitious, roll/brush it out yourself.

if you're repair costs wind up being $80k and your ARV of $135k, with soft costs (commission, property taxes, interest, etc) of 10% of the selling price, you'd make $10k. 

Start brushing up on repair costs.  

But if you are just removing brushes trimming back hedges and tightening up the yard, then call Johnny lee's landscaping.

Everyone in Houston is looking midtown, EADO, Energy Corridor, but there's a very soft market north of 610 that is ripe for an influx of money.

And don't be afraid to soft soap them a little bit as to how big your rehab was.

Financing and soft cost are approx. $10,000 so our profit would be approx. $32,000 (140,000 - 98,000 - 10,000).  

furthermore--are there any structural or foundation issues with the property.... we don't even know what year it was built but if it was pre 1930 it will have some structural problems and if it's a soft story it will require $40-60k in retrofitting costsA roof alone can be 20k in cap expWhere in LA is this building is it under LA RSO or rent control?