Chicago REIA has over 800 member most don't do mailings or active marketing at all. 

We source off-market deals, pair them with investors, and then hand hold through the rehab and city inspections when things are complete.We have existing contractor relationships and a team on the ground to keep tabs on things and keep you informed along the way. 

You will have better chances from June-Sept to make the best deal on your property based on what I have seen in the market as a Realtor. 

So the past couple years I have been flipping homes in the Myrtle Beach SC market.

Take a free an clear property, pull half of the equity out (tax free) and invest that for example in the stock market.5k-10k in monthly income after everything sounds like 20-30 units.

I would say some of this would depend on the market.

Being new to the LA market, I'm looking to partner with someone who has established relationships with local contractors and/or experience with creative financing.

I am BRAND new to REI and am looking to potentially make a buy and hold play in the next year, Reno might be that market for me under the right circumstances. 

If you have any questions or concerns about the Detroit market please feel free to chat with me.

According to people who study the stock market, there is a common theme, "buy the rumor, sell the news."