Be very careful of service animals and fair housing law, the fines are harsh.

I would say its tougher these days to find easy flips in the multifamily space, but if you are looking to buy/hold for rental income you can cash flow about $1000/mo (after debt service) on a $500,000 building (4-6 flat) in several areas.  

@Michael Muro Typically there are two types of coaches/mentors out there.1) will charge $5k - $50k for their services and will help show you the ropes, maybe provide you with some "proprietary" spreadsheets or software, and give you encouragement along the way.

May want to chat with your bank about it.As far as the rental home, your accountant would have assigned it a value when you put it in service as a rental.

Hi, I make $50k per year and have $25 thousand in savings, unfortunately I file a 1099 and not a W-2 so my question here is, what sort of hurdles would I face while trying to get started in real estate while continuing my job as an independent contractor here in Los Angeles, Ca.? 

In that case you might need to find a different lender or send them the trust for review, if your trust attorney is good they should be able to provide support services for free and give the bank a call to explain the situation.

@Gary Clisele Also you will be paying servicing fees every month on every note you own that is boarded with a servicing company.

They may be able to refer legal counseling services for this niche.

You can utilize a service such as IMAPP to pull comps, but if you don't have a subscription it could be costly..

Hello Chris,Im not in your area specifically but i am an independent property insurance adjuster.