The latter is absolutely doable -- not sure about the former other than looking by particular neighborhoods (which *is* doable).  

If you do the math, a $500 home warranty will break down to $41.66 per month, per property, which is a TOTALLY doable line item.  

The seller is motivated and wants to avoid foreclosure, so I'm looking for a way to make this work if it's doable. 

It sounds very doable to me, but check out the AirBnB laws for LA. 

Glad I found this post to see that it is doable.

I don't know a lot about commercial but from what I've seen on Loopnet, there's no way you're getting 15% cap rate here in Illinois on anything that you don't have to wear some protective gear to go into.But places like texas (and I'm sure there are other areas) seem like they might actually have properties to pick up at those numbers.So I would say 15% might be doable.

If you have a fully renovated property in the right area and a friend thats local, id say its doable. 

But this is all doable and you control ALL aspects of this deal.  

Also, when I bought it I lived in San Francisco.. so it was a 5 hour drive which at that age was doable. 

Need a short term loan to get the value of the property up to par then refi out into a 30 year conventional really the only option here very doable