My main debate is whether to invest in Los Angeles or out of state as LA does not seem to be able to offer high cash on cash returns, but I'm hesitant to invest in random markets.  

For that they will have my everlasting respect because they could have decided not to.I think the debate on this will go on and on.  

I don't want to start a political debate, but this is the fundamental reason why socialism doesn't work.

My partners and I have an internal debate going on regarding whether we should sell it or rent it. 30k Reno budget came from the contractor.

I am debating should I just sell the property right now or should I continue to lease out and take out an equity loan to purchase another property with better return?

It's 100% pro and 0% conThis really should not even be a debate.

also i dont have any mortage yet i am living with my inlaws right now so thats why i was debating on how will i be able to get a second mortage if i decide to go head and buy this place... how long do i have to wait before i try to apply for a second mortage?

Hey,welcome to BP..You are definitely in the right place...Read through the forums..so much to learn with lots of priceless info and plenty of debate, which is great because you get to hear many angles on different aspects of this whole business from lots of seasoned pro's and newbies alike..All the best!

I would gladly see Grant debate either of those gentlemen on his investing principles.

I just got an LLC setup and am currently debating starting my first STR in a downtown urban setting or something just outside of a bigger city.