Compared to a hotel, all of them are a steal.

Any of the comparable properties I found were sold at $30,000, This one is in auction for approximately $41,000 right now (minimum not yet met). 

When I visited the City and asked the many brokers I met with about rent control, it seemed like a cakewalk compared to the rules that we have here in Los Angeles. 

Would we get a comparable valuation with a portfolio loan rather than a commercial loan which uses CAP rates?

Or have a direct conversation with the seller and try and fined a Fair Middle Ground at 25k. 

I guess what I am trying to ask is:1) Would you go for 5 houses or 2 duplexes  or whatever that bring you 1.5K cashflow in the middle of nowhere  (key word middle of nowhere)2) would you buy one fourplex 1 hour away from a big city that cash flows 1kI guess what I was trying to compare is would smart people go for:  1) close (1 hr away) to  big city property  (cashflows 1K)or 2) a little bit more cashflow from middle of nowhere?

If the property would be comparable to the others in the area it would be worth about $125,000.  

Howdy y'all! Lesli here, cowgirl from Bryan. So pumped and excited to get my real estate adventure off to a good start!

Interested in wholesaling and multi-family rental properties. I LOVE making new friends and col...

Here in LA I'm finding it hard to get off the ground with my first investment deal .

Early research tells me that rental rates are pretty good here (about $1.25 per sqft), but would like to see if real investors on the ground experience the same.