I'm originally from the area, and come back a few times a year, and have been looking for SFR/2-4 flat rental opportunities in this and a few other regions.Curious to hear what others in the area have to say about all this as well.

I'll never know but what I do know is in this market 2 to 4 flat multi-family homes are extremely inflated and very difficult to find a good deal.

House already has separate boilers, gas, and water tanks, Updated wiring and panels.

If so, were permits pulled & were they installed by a professional5.Are any of the homes rented to students6.Is there a flat roof7.are there asbestos shingles

Rich Dad is a good place to start but honestly Kyosaki is flat wrong on investing and stock market, so I cannot get behind his beliefs fully.

I have a duplex with a flat roof - Tar and gravel - I'm looking to have it replaced before next winter and have had one contractor say that he could drill insulation board right on top of the existing roof and cover that with the EPDM membrane. 

Because you're in Van Nuys...I assume you are on flat lot, so I would guess you also wouldnt have any further requirements. 

However, you can likely find a 2-flat (all in) that will cash flow within that budget in an area speculated to appreciate.

For example, I send a flat $150 from every LLC up to Wyoming once a month.

Principal is a flat 25%, interest is whatever their highest marginal rate is.