Yes, expect 300.00 profit minimal.

If you looked at my P & L for each rental, the vast majority of properties have no or minimal repairs on an annual basis.

Conversion costs can be minimal - it is all in the marketing. 

I’ve pretty much ruled out LA for myself for 3 reasons: 1.Low cash on cash return for buy and hold investors2.The high cost of properties means I would have to sink my cash into one property versus multiple smaller ones.3.The places that can cash flow are in high crime areas (Compton, Huntington Park, etc.) and I prefer to minimize evictions and turnover.

You have deadbeat borrowers who have been living free for years, refuse to pay a minimal payment, will play the bankruptcy game with you as long as they can until you get them checkmated. 

You learn to screen, handle showings, manage repairs, and then realize that with a good tenant you will have minimal headaches.

A FREE property.Obviously not always possible, but something as close to that model as possible where you leave minimal cash in the property.  

That minimizes your risk exposure.  

What would be the best way to structure that to minimize taxes, bank costs, etc.?

Minimum investment is $250 but you can invest as much as you want, up to 10%*rather than investing a high amounts of cash into few properties, you can maximize returns and minimize risks by spreading your investment capital out over many properties*No stress of managing properties as RESGOA takes care of the property management*Since we rarely have more than 50% of the value of a home financed, the tenant pays all of the mortgage interest each month which means if you increase you investment into a property, 100% of your investment applies to equity.