Yeah, I realize there is much less concern as long as materials are not being disturbed, but we would be doing renovations (see below).  

After doing our due diligence on the deal it looked like we would have 8k in fees and 16k in labor, materials etc.

What I mean by this is that materials and finish quality is much lower than you might do it anywhere else.

It would be a good material to start with.

hi @Andrew KilgoreLA is a tough market but there are always opportunities.

I have heard the LA market is tough for flipping so could end up inland or in another state if that is the only option.  

It is so tough in this area as MF's go so quickly and there is little on the market, but I know I want to break into real estate this way.

Pay them to paint fences, pick up trash, carry materials etc as appropriate for their age.I would recommend that you start with a 4 unit property and manage it yourself for a while.  

They cannot materially change the document or any of its provisions, and changes such as strike-outs must be approved or otherwise "blessed" by a qualified professional.

@Paris Wilson (thumbs up on the name) - I realize that I'm lacking a lot of information, but from a macro perspective, if ARVs are hovering around $200K and you're talking about a knock-down and rebuild, I'm having a tough time putting together numbers that I'd call amazing.