Hey Neil,I am brand new to the industry, I spent about 5 months listening to podcast and read a few books before I saw an opportunity to jump into the industry.

If you have recessed lights, they will need to be adjusted down a tad to allow for the thickness of the new skim coat if you elect that method.Inglewood is a bit out of my coverage area otherwise I could help you with it as I am a licensed contractor here in N Los Angeles (San Fernando Valley and surrounding areas).

This makes it harder to kick a door in.What brand and type of lock do you use? 

The one that is paid off is the one that had the fire so both sides, inside and out, are brand new.  1 side is leased and we just got the CO for the other side last week and getting it rent ready now. 

Purchase price: $165,000 Cash invested: $40,000 Sale price: $273,000 Purchased off-market property and completed a renovation to include the following: minor structural repairs, minor changes to floor plan, complete interior painting and floor refinishing, gut and redo kitchen, various landscaping improvements, deck repairs, all new hardware and light fixtures.

I imagine most pre-foreclosed homes would probably require some amount of rehab, which we would be willing to do if it is a very light rehab.

I have the green light to close on the 62k if I choose.

Now looking to invest in light rehabs to hold out-of-state. 

My focus now is to look for and analyzing potential light rehabs to hold.

The water heater won't light and there are few more minor problems.