We love these because we can do the work ourselves & most potential buyers have to add in their 'contractor pricing' to get to a buy point, so we low ball, go in cash & wait.The best rehab 'skeleton' we found was when a 2-car garage had been enclosed & made into a large family room.

Then its the Fireman's Ball for her tonight. 

Good luck broHere is some great REI marketing blog posts to help you get the ball rolling  http://www.biggerpockets.com/renewsblog/author/antoniocoleman/

I have , like you purchased many houses for personal use, but this is a whole new ball game.

If you anticipate low appreciation over the coming years for your LA home (sorry, none of us has a working crystal ball), I don't see any down side to selling it now (for FMV).

much appreciated. i got the ball rolling today. time will tell.

I am thinking of a way to use this as leverage and let her know they all have the wrong info.She had the property drawings from when the house was built and the square footage was listed on there which shows a 600 sqft difference.I hate to low ball her but our measurements and the propert drawing are in line with each other. 

We, are going to start the ball rolling with a LLC.Ray, I saw the video and my wife and I will attend the meeting on Tuesday. 

i second @Ryan Ball I tried to give my client that same advise.But said client decide that the return Out weigh the risk and that I have the luxury to "take lower, more reliable return" and she doesn't.

Once I figured you are a lowballer, want the best material at the lowest price, investors that cut corners, want to split the job up with cheaper tradesmans, add free work to a already agree upon price, ect, ect, then either I tell them I'm too busy or if the customer is a real jerk or a sleaze ball, I don't even reply to them.  98% of the time I can tell if the job will be given to me within the first 10 minutes of a call or meeting.