I found this property on loopnet.com but it seems too good to be true:5-unit property for sale $369,000 (7,000 sq ft - 1400 sq ft each unit)3 BR / 2 BATH APARTMENTS; LIVING / FAMILY ROOM, KITCHEN; DINETTE WASHER DRYER HOOK UPS; CENTRAL AIR & HEAT2012 GROSS INCOME: $55300*/NET INCOME: $41298Note:Gross income includes $900 month for apartment # 520 which is currently occupied by manager (manages several complexes for owner) for which currently no rent is paid.

Kitchen and bathroom refit also required.

They may also want to lower the upper cabinets in the kitchen to make the more reachable.

We are removing/reworking a shared wall between the kitchen and living room.

If one is recirculating it simply pumps everything back into the kitchen.

I explain to him that he needs to heat , the bathroom , the kitchen , the laundry room and the crawl space .

If you get the -right house (floor plan, quality of kitchen-bathrooms, age of systems - roof etc), -attitude of the seller-landlord, etc(is the seller open to help a tber buy the property, being patient over 2 - 3 years), -right neighborhood (services, low crime, great schools, etc), All these factors create a GRADE A Product.

Also, the carpets (admittedly old) were filthy, the walls and molding were really grimy, and the laminate in the kitchen had 1/2" separations between the planks, also unreported.

I am helping an HGTV guy who is looking for someone to work a kitchen, bathroom, bedroom (or some combo like that) for a show and in return they are willing to put up a substantial chunk of money into the reno for you.Email me directly if you flip around LA and are interested!

I will do everything else (roof, kitchen remodel, door locks) after closing.