@Mark MathewsYou need to be very conservative with you numbers when analyzing potential flips.

Here's a link to the list of APN's up for auction: **********Here's the cities information on buying tax default properties:https://ttc.lacounty.gov/default.htmThe Los Angeles County Treasurer and Tax Collector's Office is offering 497 tax-defaulted properties for auction online.Starts: August 8, 2015 at 6:00 PM ET 3:00 PM PT) Ends: August 11, 2015 *I'd be curious to hear any thoughts on how to analyze the list of properties and your strategy for acquiring a great deal.

if you can swing it go for it A $440k mortgage would be around $2100 per month so would have some positive flow  Use the rental properties calculator to get your final numbers(it is under the analyze tab)

Thanks for that revision to my insurance, I just revised it up in my model, I was keeping it at a constant $1K figure for all the properties I was analyzing and had talked to a lender who agreed with that number, but I think you're more correct than he is.  

There's to many unknowns about the deal to analyze it properly and give you an educated answer to your question.

It really makes analyzing notes much easier.  

New stuff under the network, learn and analyze tabs above. 

While I was readings these replies about 5 more questions popped into my head, thinking about what  @Jordan Williamson said about making sure you get a good deal instead of looking at the lower my expenses aspect and it rang a bell, I was definitely looking at this the wrong way, This would be my first investment property and I don't want to regret it, the more I analyze this without living in it, the worse it looks, but when I see the lower my expense aspect when living in one side it appears great.

I am primarily looking at duplexes and quads; although I know they are not considered multi-family properties, wouldn't analyzing them as multi-family be a safer bet??

Learn to analyze properties on your own.