Other investors buy the large old 10k, pure Section 8 houses with lots of BRs, they obviously require a ton of time to manage effectively.

I would be surprised if there were many investors making considerable money (making a living) purely on wholesaling in the L.A market....but I could be wrong.

Gotta love the 15-day lockout to investors on pure rehab inventory - imagine an OO couple pulling up in the driveway of some of these train wrecks and saying, "Oh, honey, this is the one!".

If you are happy with a tenant (dog issue aside), and they are not demanding rehab, you are then talking about taking a unit generating pure cash and replacing it with one that will cost you cash.

From a purely technical standpoint achieving valid tax deductions is more difficult than you'd imagine.

It's my first pure real estate book and I am a huge fan of @Brandon Turner so I may be a bit biased.  

Unless you're looking at it as an investment purely for appreciation.The Cap Rate is more a measurement of risk than anything else - meaning you need comps to know if it's good or not.

Realty service or pure management only? 

I think it's purely a photography issue but also the place needs a little more curb appeal on the outside.

I will also bring in the initial investors/buyers on the table(at least 25  to 50 units, who already showed interest to be part of the community).I and my office may/may not be part of the building, may fully leave it to the developer/go for a third party GC/can pick up partially or may purely just supervise the project, have not detailed out the tasks and responsibilities yet.Thinking of a suitable partnership deal with the developer and land owner so that everybody wins.Anyone made any deal similar to this?