Look for properties in the same (or similar) neighborhood with the same size and amenities.

Next steps include analyzing deals, connecting locally, and studying financing options.Good luck!

He'll have at least $2k per month in positive cash flow and tons of equity when it's time to find the next home in some years.

Our research showed that furnished properties rented through the MLS have a $.60/SF to $.70/SF incremental rent above non-furnished long-term rentals.

Find out what they offer as far as education and support, what their fees/splits are and what their expectations might be.Remember, you will need a certain amount of continuing education hours, and you will want a Brokerage that has the support you need to help you through your contracts and answer questions.

Do you need help finding the deal?

I don't have a project lined up currently, as I think the project targets vary greatly on the result of this decision since there is so much equity in the condo.

Then in the next rent cycle 1 tenant moved out and the new replacement paid the old rent sans the $50 discount, and in the second year the other tenant's rent was raised $50, so we were back to the original rent. 

Many purchase deals in the city/county of Los Angeles are still going through already.

I am highly motivated to invest in real estate through BRRRR and also creative finance strategies.