If there aren't, then you probably don't want to add 3 extra bedrooms anyway.

Your competition is fierce so you need to figure out in time what your core value proposition is and where you can add value to the market where others just aren't cutting it.Build Relationships, Build BusinessMy advice to all newcomers in the L.A. market is to focus first and foremost on networking and developing relationships.

It would be nice to say "yes, I limit myself only to underwritten investments" in theory, but there just aren't enough investments on any one type of marketplace for a diversified investor to limit themselves to one type.

Putting 20% down starts you off with a solid base of equity to build on so you aren't leveraged to the hills.

@Austin Faux your to do list is simple:Give her the option of a short sale or tell her that you aren't interested.

If you are working one property at a time and buying right and not only spending 6 months you probably aren't going to get stuck - most likely the worst thing that could happen would be that you would lose the anticipated equity you are building.

I actually enjoy doing some fix up work, but in the quantities I seem to be doing.

In my opinion I dont think single family homes cash flow that great(less than 1% rule) here but multifamily seems to be decent just hard to come by good ones that aren't overpriced.  

But the notion of a buyers list is for REPEAT buyers, and repeat sellers aren't as common.

So many folks are exiting the SFH rental market, (either they never really wanted to be in it in the first place and got stuck, or they are investors and they're taking their profits elsewhere), and most of those homes aren't being returned to the rental inventory.