The duplex has a slate roof that is need of work and some exterior paint work needed and basic turnover of the units interior.

It has a one BR ADU with class B type construction (granite counters, nice cabinets, indoor laundry, nice flooring). 

It looks like it actually might, because I see "Ground Floor", "First Floor" and "Second Floor" mentioned in the property description, but I only see 2 units mentioned in the income pie chart.It looks like a pretty old building. 

I also would caution that $1000 a year for maintenance may be low when roofs up here get 20 years of service so really you should budget $600/yr for the roof alone not to mention water heaters, furnace, A/C units, appliances, flooring, paint, updating kitchens etc.

Hi all, I'm based in the Los Angeles & Orange County, CA area and am interested in flipping homes.I have one quasi-BRRRR deal under my belt.About me:-Former Fortune 50 Commercial Real Estate Banker, specializing in distressed assets (restructuring/modifying notes, pursuing guarantors, foreclosing on assets)-Varying degree of experience in legal remedies (mediation, arbitration, bankruptcy etc.) with inside/outside counsel-$500,000,000+ RE transaction experience from west coast thru the mid-west-USC Business School Alum w/concentration in Real Estate Finance & Development-Licensed REALTOR in CA-Hands-on experience rehabbing real estate (full kitchen rehab, flooring, painting, spraying texture, removing load-bearing walls, bathroom rehab - have pictures from BRRRR project)[QUESTION] What is the proper approach to seeking a local mentor/partner on BP?

That new floors are 6 dollars /sqft not 1.5 dollars /square feet.We give them the list of repairs we would need to do and the prices, and we show them our profits.IF they are motivated to sell they WILL accept the offer.

It is one thing to do painting and new flooring and another to do a rehab that lasts several  months.

I'm renting the first floor and living on the second floor.

We added a kitchenette in the basement to take the heat off the one main floor kitchen, and a deep freezer out back.

I could make some additional changes to remove ground floor doors and put another french drain in but do not want to go through all the work if I could just offer an allowance for the buyer.