I live in southern California (LA and Orange County) and am most interested in buy and hold properties.

I grew up in Orange County, spending weekends touring home remodels and rehabs with my parents but never imagined real estate as a career.

For instance, I own property in West Orange.

@Robert Chaing Read this page from the Orange County Ca tax assessors office.  

I'm hoping to find a successful house hack somewhere in the Los Angeles and Orange County areas with my commute being to Anaheim.

If you check her profile, and in my humble opinion, its like comparing apples and oranges.

I am 23 and have lived in Orange County CA my entire life.

I am Bill, a new investor from Orange County, Ca.

Main issues are renovating units one off with people still living in the bldg, and having a mix of tenants and owners in the bldg (yin and yang...if you will ;) So as the owner you will probably have to manage all that

Thanks Paul, the purchase price of my friends house is, 1,175,000 (not 1.75M - my bad) and he has 10/1 ARM - and said he pays a monthly mortgage of $6k = which I failed to calculate - considering his hoa = $100 and property tax is standard Orange County = 1.05% Since he down-paid 30%, Going by your statement, it means he still has 30 years to pay off his loan with 1st 10 years at 3.1 interest rate and then for remaining 20 years - either he will refinance at that time into another ARM or 15 yr fixed loan or he will continue to pay remaining 20 years at yearly adjusted market rate.