Are there any points of interest - breweries, cafes, shopping - that would be good to be located near?

I’m located in SE Michigan but I’m open to a weekend drive.

You didn't post a location but check out https://eminutes.comThey'll create your first LLC for free for the repeat business.

You can use a 1031 exchange to defer taxes, but you also face pressure to locate and close on another transaction.

Banks that know the location and value of the area you are investing in are your best bet guaranteed.

In an ideal situation I would add an additional partner that would focus almost exclusively on locating another owned rehab opportunity and to relieve lease up or financing issues from yourselves. 

If you target an area where you would like the multi-family to be located we can see what the entry cost would be and then go to a good investment lender to work the deal to make sure you can pull enough out of each home to get the next multi-family and get you on your way. 

Let me know if interested in locating them

I would door knock and talk to these owners personally but its very difficult given a large geographic location of LA.Im going after residential and commercial apartment buildings.Any tips here will be greatly appreciated, Ive worked hard making hundreds if not thousands of calls and sent out tons of letters etc,no results yet, unfortunately I dont have a sphere of influence or past customers.

From my experience as a local property manager I wouldn’t jump on this deal and think in twelve months you‘d be happier and have more money spending a little more money (ninty) and get a way better location.