@Aariff Kadar and @Jeremiah Pangan there are great opportunities to invest in Los Angeles and for those who have to live here it's well worth it to live in a multi unit property.While it is not very likely to cash flow you will still many benefits such as; debt pay down, paying less than what you pay in rent and appreciation.If you are wanting cash flow then I recommend investing out of state but if you are going to live here and want to buy here it will be for appreciation.Let me know if I can assist with anything.

I could give you a list of benefits besides energy offset just as you give a list of negatives. 

There are several colleges in the city and an additional benefit to you is that Richmond has a decent-sized airport if you felt the need to fly in. 

@Kal Airey Hi Kal - I would actually think about placing the property into a land trust vs straight into an LLC, this actually avoids the due on sale clause as well as additional benefits. 

I tend to give everyone the benefit of the doubt and that they are a good person.

The more competitive your market is, the more you'll benefit from personal relationships. 

What are the benefits I get from being active duty military, as well as the downfalls?

He’s investor-minded and will absolutely benefit you tremendously. 

I am glad to have found this site and believe that it will be a great benefit to my investing business.

You'd be looking at 4800sf if you get the full benefit of the upside, and you'd you see $3.85M (Not too long ago people were paying $1k psf... but you'll never see 4.8M out of this property... at least not this go-around) ~ But I always look to add a big cushion on the reno side, hence my $800K-$1M range in initial post.