I was puzzled... 

I was able to find a great agent and a great property manager who both know the market well, and without them I wouldn't have been able to find and buy it.I'd say that as an investor, the people you work with and your team are one of the most important pieces of the puzzle.

I am sure it doing just fine but I don't keep score at this point in my investing ;)Commercial lenders don't look at just one piece of the puzzle.

As you know for any of these to cash flow day one the sales price would need to be heavily discounted (by several hundred thousand) from market price so those two pieces of the puzzle don’t really come together easily.

OK, it's good to know that the puzzle pieces CAN come together but it will be a ton of work.

That's one of the bigger pieces of the puzzle.

If the average place in LA at that price point rents for about $2800, we are worried our margin is too low once other expenses are factored in.Is there some piece of this puzzle I'm not understanding?

Things fit together, like a puzzle.

I just try to look at the bigger picture to be a successful investor, and financing is only one piece to the puzzle.

SaldanaI think you are missing a big piece of the puzzle..4 pieces you are missing in my opinion First of all.