I hope this reminds beginners like me that it is possible to purchase in LA.

I'm concerned about the spotty credit and late payments on the wife's part. 

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I have "I would guess" 50k equity in  my house probably closer to 70k here is my concerns that maybe some of you much more advanced people could help me with please. my first fear is I have my normal mortgage and IF I take the equity out basically it creates a second mortgage with a HELOC and using that to get my rental property...

Driving in the snow in the winter is the biggest draw back as far as I'm concerned.

However if we were to wait and use 5K of cash flow instead to pay for something after 1 year of renting, would that decrease the "estimated repairs" number to $20K in that calculator or would it make no difference whether it's cash from the business or personal cash out of pocket as far as the cash on cash return calculation is concerned?

I am most concerned with smoking and animals, so I ask if anyone smokes and how many animals they have.

He also recommends bringing in specialists if he sees something that may be a concern but is outside his area of expertise.I do not know your level of experience but often when you read a home inspection report they make the property sound like the place is a piece of s**t but most of the items a decent handyman can take care of in a couple of days for a few hundred dollars. 

I've never told the manager I wouldn't be happy to accept section 8 vouchers, I have no knowledge of any of these tenants, and I haven't even been in touch with management concerning the property's vacancy.

As to your second point my concern is that if one end of the street is d what’s to say the good end of the street won’t change in short order?