I hand wrote all of my adresess' on the envelopes (instead of printing) with no return address, and wrote Urgent along the edge of the envelope in blue pen.

IMO 10% cap is good for a property in a blue collar to middle income neighborhood but make sure its a true 10%, taking into account reserves, maintenance, vacancy and management.

And now I know that area like on know Los Angeles.

Whether you drive for dollars looking for tall weeds, red tags or blue tarp roofs, you have (I presume) a house that grabbed your attention due to some physical aspect of the property that's out-of-character for the neighborhood.

Tenants tend to be lower-income, blue-collar service-industry workers, with bigger families (or multigenerational families), and typically 2 full-time income earners per household.

It's too bad I'm in Los Angeles.

When you respond to anyone here on the forums type in the @ symbol before there name to highlight it blue like your name is to notify that person.

To update $15,000... the home has paneling, blue carpet, yellow bath fixtures and outdated cabinets.ARV is $105K and I am asking $75K...I know these numbers do not work for rehab.

I am a conservative real estate investor.Little info about me : I work full time as an analyst in downtown Los Angeles.

@ Paul Angell I have a list of reliable GC's,,feel free to message me.