I wouldn't touch it without a really experienced PM, someone who has extensive experience in RC properties within LA.

I just have to be a contrarian here @Caleb Heimsoth  as Caleb states I cannot think of anything risker than remote rehab for beginners.. keep in mind the author is a very experienced real estate professional and what works for him simply is not germane for beginners I know they want to sell books on this site.. but I fear there is going to be some really sad people that try to do this and simply don't know what they don't know.. all to just save 5 to 10k  extra that a flipper that does all the work and takes all the risk makes bringing you a finished product.. you can lose 10 to 20k in a heart beat doing this if not more.. 

I know it's hard to say for sure but just trying to get any ideas from experienced people. 

Seeing responses from experienced investors is what excites me about the this community.

Of course the tenant could likely refuse to sign the new one but I haven’t experienced that happening yet

https://www.forbes.com/sites/jessecolombo/2018/08/29/the-u-s-is-experiencing-a-dangerous-corporate-debt-bubble/#ae25436600e0

Hi,@Michael Lentsch Yes, talk to an experienced agent whom understand the market can help and ask them to refer a loan broker to explain it to you about loan related questions .

I currently buy 3-5 a month mostly off the MLS but the market is slowing down a bit and Im looking to work with a few experienced wholesalers to get deals to keep my crews busy. 

Yes, when I'm working on my flip I'm in high heels, full makeup, hair done, nails done, and sexy yoga pants. 

I own a duplex in Arena (similar to Randolph about 40 min west of Madison, but Arena has experienced some growth), and I own a duplex in Verona.