Would like to do something like this in L.A , but now even duplexes are priced at like $500,000 maybe on the low end with rent control tenants, it's kind of funny to see these being marketed as 'great investment property' when one would be losing a bunch of money by buying it.

Technically, isn't general life kind of a pyramid scheme in itself?

What kind of play is recommended for someone who has owned and managed, but is new to the world of portfolio building?

I'm not a flipper (yet) I'm a buy/hold rental kind of guy.Best of luck!

One question I have is does a seller financed sale typically require any kind of a down payment? 

Then when I purchase them from the tax sale (because the company never pays the taxes) I have the owner calling me all upset because I sent them a $10k redemption bill & damn near have a come apart on the phone once I send them pictures of their cashflowing investment property that was trash.It just feels like some kind of fraud is happening......Not that I care.

Tenant Improvement Allowance (TIA) which can be $10-$30/foot upon signing a lease, brokers fees another 6%, a failed business goes bankrupt and leaves you vacant and after 6 months you find a tenant but guess what, there's more TIA and more brokers fees.I kind of see commercial properties as a giant furnace of money.

I kindly request you to please clarify this definition in simple terms.I don't know how else to explain it, it is there in plain English...and the thread is 2 years old.... 

I don’t know what kind of land I’m looking at.By the way, this doesn’t mean my perspective is correct.

I kind of figured that would be the standard advice and you are completely right, *I* do not want to be the one dealing with an eviction.What has been your experience with owner-occupied foreclosures?