A buyer without an option cost, could literally go under contract with 10 homes and pick the one that he really liked without any cost to him/her.Without an option money, a buyer could literally send out contracts on every home he sees online that looks decent, and then tie up hundreds of homes.

I had been looking to buy for some time, I just couldn't find anything decent for a good price.

Anyway, he is willing to sell his duplex with a great view of Downtown LA at a decent discount.  

It's starting to gain some attention, but seems to continue on with decent returns, rising rents and low vacancy.

I have ordered my signs, business cards, and built a pretty decent buyers list (about 25 contacts and counting).I got started by reading the book Flip by Nick Ruiz.

Does any one know of reputable lenders who can help me at a decent interest rate.  

Does any one know of reputable lenders who can help me at a decent interest rate.  

If I fix it up I am sure I could add a decent amount of value but it would be very tight to confidently be able to refi and pay the hard money lender off.

I can send you a list of what is currently out there but to find a decent value you may have to prospect off market.

Pretty decent spreads right now given the demographics.Good Luck!