Hey @Juan Acevedo First off i do not confuse fact with opinion, If you have a good system and are good at your craft you can definatly make money in los angeles flipping and or wholesaling, never be afraid of competition you should embrace that and create a system to be part of that competition thats what makes this all so fun, not everyone can do it, me personally i love the La market as soon as i get a house completed i have multiple offers in the first couple weeks and i can care less about the competition, i focus on my structure that works for me, If you can make it in La you will find many other areas easy, I'm not far from you if you like you can come visit one of my flips and gain a little experience, i have a couple SFR's i purchased in the La area I'm almost complete with the rehab, good luck to you.

With that amount of money to invest, you just need to be careful because the market is flooded with studios and 1-bedrooms.

And I would HIGHLY recommend to read this article I wrote for Bigger Pockets on how to find good lenders that you can find HERE.

On old paper applications the written permission applicants signed giving was usually to pull credit and background checks I think but with the Zillow process that is all taken care of before the application is submitted and you get those reports.

I just read that the down payment for (2-4) multi family is now only 5%.

From what I've read, the quicker these parties get a call the more likely you are to get the deal. 

George).I’ve read about this market and the code for zoning in St.

I do it this way because I often get people who want to look at things and haven't read the ad.

Truth is most people don't read the agreement.

Keep reading Bigger pockets.