With this strategy, you initiate contact with the homeowner, go under contract, and you can either close with them and buy the house yourself, or you take on the role of a wholesaler and assign the contract to another investor. 

Hello, I’m looking to buy a property at auction but need help with title searches on the properties that I’m interested in bidding on.

They can help you find suitable properties, provide market insights, and guide you through the buying process.Our good friend @Richard Clark is a fantastic agent in the local market there- and he is an investor himself.

Why are you buying where the neighboring buildings don’t have roofs?

I'm not knowledgeable on any of this but typically you have to buy the lot cash(I think).

Do I buy the investment property with WY or MD LLC?  

For that, it doesn't mean I wouldn't buy it or make a market for it.

Hi Thea,  I am also in Los Angeles and I develop/flip properties in LA and only buy and hold out of state.

Here are some key points to consider:Accessibility: Residential properties are often more accessible to individual investors, especially those starting out with smaller capital.Tenant Stability: While turnover can occur, residential leases tend to have shorter terms, offering more flexibility if you want to adjust rents or change tenants.Market Liquidity: Generally, residential properties are easier to buy and sell due to higher demand from individual homebuyers and investors alike.Emotional Appeal: Homes and apartments can have a strong emotional appeal to buyers and renters, which can influence demand and pricing stability.Purchasing: Residential real estate will require a down payment of at least 10% of the purchase price. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.