As far as purchasing leads, I don't know a reliable source. 

They need to speak with a lender who can pull their current entitlement charged for the current loan, and then they need to tell the lender what County they want to buy in and how much of a home and downpayment they plan to purchase.  

You can be a crook, an incompetent investor, AND purchase bad investments, all at the same time!

There are a few things to keep in mind when purchasing a secondary home.

@Ramiro De Leon Congrats on taking the first step of saving up money and preparing yourself for your first purchase!

Hi BP,I'm looking to purchase my first property in Los Angeles and wanted to see if anyone has or knows of anything that might be a good fit.

I take it to mean you have someone willing to invest money into an entity you own as an unsecured note at 5% interest plus a cash flow participation on property you purchase?  

I recently purchased a SFH in Charlotte NC with a zipcode of 28269.

I have a property with a purchase price of $36k and the ARV is $135k.

Purchase a smaller multifamily that you can get into for $1.5-$2.5mm.