@Joe Dunbar the repair cost that I got was about 50-60k and they will rent for about 800 a piece

Consider the other homes in the neighborhood and what would fit in, then aim for at least one notch above that.

I started buy buying a piece of land from a friend of mine and value went up 13k in only a few months.

You're right - top notch info for free.

Nobody should be belittling ANYONE on here because you guys don't know the person or their story, all you can see is a little piece of information that they give you when they seek advice on something.

I watch their supply very closely.Agree with you on the financing piece - I just heard today for the first time that people are waiving appraisals and such.

I have been trying to decipher the acronyms and jargon under the sales information and notes sections to piece together the full story.

@Archie Robb I went to the LADBS today and they said that's it's extremely  unlikely that I could add anymore units on this piece of land so you were right.

Because he's older and over qualified for the initial work he'd be doing, while he'd start as a regular employee, over time I'd want to give him a significant piece of the business so he'd be engaged and be a true 'partner' with me in helping me grow what I'm doing.

When I was looking for my first flip, I had a number of realtors just take out a piece of paper, write down 3 or 4 factors and say that's your profit.