recessed/sheetrock is a low cost, no brainer improvement that sells.

Thanks.There are some opportunities in other cities but they are small and depending on your strategy would not have the same appreciation or cash flow potential as Reno or Vegas.

As a real estate agent in Arizona, I want to be able to provide potential homeowners with multiple options for cash offers on their house.

My $10k example was admittedly unrealistic.However, by way of further background, @Dustin Heiner wrote an excellent article on this topic on his website masterpassiveincome.com titled "What to Do When A Buyer Backs Out From An Assignment Of Contract".In it he suggests a scenario where the assignee decides not to proceed, perhaps after discovering a big ticket repair item that would cost significantly more than the portion of the assignment fee held in escrow. 

Cost is mostly legal, with about $10K - $15K being average.

Reality is you won't learn to flip yourself without making some pretty big mistakes, mistakes that cost $, maybe all you're $.

(California has strict tenant laws and we will not consider a booking without one).Currently there is only street parking for the unit, which we have theorized may be a filter cutting us out of many potential bookings.

Here’s a 10-step process to get started with out-of-state real estate investing:Research and Select a Market:Identify markets with strong economic fundamentals, job growth, population growth, and potential for real estate appreciation.Consider factors like rental demand, vacancy rates, and local landlord-tenant laws.

Other significant players include IHG (10.5%), G6 (4.9%), and Choice (4.8%).Total room inventory has been relatively stable, with slight fluctuations:- January 2024: 103,379 rooms- February 2024: 107,068 rooms- March 2024: 103,353 roomsEmployment trends show gradual improvement:- 2024 projected employment growth: 0.9%- 2025 projected employment growth: 0.5%While population growth is expected to remain flat, household income is forecast to grow by 4.4% in 2024 and 3.5% in 2025, potentially supporting increased travel and hotel demand.Market OutlookThe Los Angeles hospitality market is poised for continued growth and stability:1.

This involves finding distressed properties, using savings for down payment and renovation costs, and using investors for closing costs.Good luck!