Good luck and maybe we will run into each other if you decide to attend one of the meetings.

However it does run more risks of course once you buy it you own it.. as oppossed to buying already rehabbed and tenanted.. then its just making sure you do your home inspections etc etc.I know TK operators that do some pre rehab.. and do it well.. but they are not nearly as prevelant as the standard model now of rehabbed and tenanted. the other thing is a rehab and tenanted you can leverage into it day one.. pre rehab as stated is generally all cash then refi later to pull your cash out.

one of my vendors is going to make a run in Inglewood. he has a specific Niche'

That is what I do with my SD IRA, I also am a managing partner of a fund which invests in notes and allows sophisticated and accredited investors to make double digit returns in a passive position.

Although I haven't heard of many banks calling loans due (at this time at least), you could run into trouble in the future as interest rates start moving upward.

Most times, he will cost you more in the long run (change orders, needing more money to finish the job, not finishing on time etc...) and add more headaches.

And all of this will yield first hand experience and perspective in our market so that when we do move towards property management, we will be able to have a much more sophisticated discussion about our needs and expectations due to the fact that we have done it ourselves. 

forcible detainer show up when running a background check on a potential renter.

I always get them and they are sometimes of value for a borrower with ethics who runs into a rough patch.

Isn't it better when starting out to self manage and then later when you have many up and running hire a management?