Just make sure your deal still pencils factoring your money cost.

It's not in the greatest location but something we believe we can market because of multiple factors including the fact that it adjoins to a city park on one side that has nice amenities and on the other side it has 3 ingress/egress streets that deadend on the property line with utilities that follow. 

There are Aton If factors that can come into play though.

I'm planning and scheming to buy my first designated rental property.

Once taxes are factored in, my ROE of 7% (it's free and clear) doesn't look so bad!

Your limiting factor is going to be finding deals to flip in LA so you really want to make sure this one looks good.

The seller bottom line is 400k. 425k.The NOI on this property I calculated it to be about 25k after factoring all expenses (like taxes - 9250, insurance - 2200, water - 2000, a 5 percent vacancy factor and a 6 percent maintenance factor.

Pretty much anywhere near the river had high water but the flooding was sporadic depending on a number of factors.

Government designed it so the retirees would not be a burden on the government once they stopped working. 

It is costly though, I believe $475 for the sales license.There are other money factors to consider.