Despite popular opinion, contractors are smart and most understand the lien process very well.

If you want a different return or feel like you can run different expenses you can back out a different cost to rent ratio that can help you quickly analyze deals. 

Somewhere where you have some social infrastructure (friends/family) is a plus too ... go on an exploratory roadtrip to visit them and assess these markets 1st hand (once you figure out how to analyze a market and strategies) rather than asking BP to name a good market, which inevitably will already be stacked full of investors to compete with. 

You also need to look at the most popular deceptive and predatory practices that are generally discussed as "predatory lending".There you will find examples of predatory dealing in general, it's not all specific to lenders, you'll see that there are underlying deceptions of Realtors, construction contractors, appraisers and settlement agents that aids in the conspiracy of predatory lending practices.

There are quite a few 4-plexes as much of LA was developed in the 20's when these were popular to build.2. 

I would love to get to know how to analyze whether or not this is a good deal.Thank you all in advance,Mark Anthon

One big question I do have : The webinar was saying that you should be in the habit of analyzing 3 listings per day.

I would analyze the apartments as a separate function and and make my decision on that.

Learn how to analyze a deal and make your first buy and hold purchase!

Finding your first opportunity, analyzing your first deal, finding your first source of funds (financing) and of course closing on your first property.