Based on your experience, how do/have you negotiated with wholesellers, recognizing that their selling price is essentially almost fixed?

I saw them again a couple days ago, I recognized them they didn't recognize the old guy.

The mortgage insurance can be a real killer of an extra expense on those, too -  make sure you've talked with your possible lenders about that so you can factor it into your calculations.I agree that analyzing at a LOT of properties that are not such great deals will help you to be confident that you recognize that good opportunity when you find it!

Although I fully recognize this strain and can empathize 100%, I denied this request as I am aware of quite a bit of damage and unauthorized modifications that will require that security deposit to repair.I have tried to contact them to see how the new-house-hunting was coming along and mostly to get a good sense that they will in fact be moving out on or before 6/30.

Tarl Yarber , congrats on a job well done.Your rehab formula looks similar to ours and I recognize some of the materials 😀.

That's my goal for this year.The one thing about Los Angeles that most investors OOS don't recognize is the crazy equity play potential...unlike many other states.   

However, recognizing that there are questions you may not have even thought to ask yet is a step in the right direction.

Take all the experience you've gained looking at and analyzing all the too expensive deals this past year to help you recognize your great deal when you finally uncover it. 

Break these things down and ask questions to help you get to the point where you can recognize a good deal when it pops up.

You are on the right track, especially if you can recognize the tax advantages that real estate investing has to offer.