Here is a duplex that has the potential to break-even, if not net a little cash, from day 1: http://www.redfin.com/CA/Los-Angeles/104-N-Harper-Ave-90048/home/7093197My question to those more experience is, say I wanted to approach my investor friend with this property, what kinds of deals could we structure such that he'd be willing to invest in acquiring the property, we both acquire interest in the property, and we each obtain some sort of gain in the long run.

Bank is accepting my offer on a short sale. $820K. Rehab is $250K ARV $1.85M

Happy Valentine's Day!!!!

Or if you have Cash (which is King) thats your best option.Actually lets back up.

My name is Jeff Johnson and I am located in Rancho Cucamonga, CA.

There's several BP members in the Los Angeles area, and spread throughout southern California.

If this deal were to come up here in Ca, is jump on it as a rental, especially with good tenant already on place.

I'm working with an investor/ 2nd lien holder to sell a note for a motel in California.

Native to the country of Panama, I am living in California at the moment.

Welcome Fabian, there seems to be quite a few Phoenix investors on BP :) My family and I are moving to the Prescott area in a few months from CA.

(ask me how i know)Just some 2 cents from Litigious California.