I realize LA is a very competitive market, but I love to persevere in tough environments and I look forward to the challenge!

I can't say upper end, because I rent to middle & lower middle class, but my places go like hotcakes compared to the competition.

I work in a marketplace now that competitively derives fixed, annual, guaranteed offers, and right now, we have over 300 management companies that we work with.It's free for homeowners, so if you'd want to hear an offer, I'd be happy to chat and see if we could get one for you.

@Eduardo Suarez If you are a Realtor, you can log into www.floridarealtors.org/ and find a buyer/brokerage agreement to ensure there is no competition between him and other agents.  

There was MF debt circulating in the low 4's well after market rate loans were into the 5's that was portfolio money that just wanted to lend on MF assets in our market and was willing to do so at competitive rates. 

Very competitive there now I agree. 

Has minimal competition How did you find this deal and how did you negotiate it?

Nothing special in terms of the process: Met up with brokers in my area, underwrote hundreds of deals over 6 months, submitted dozens of LOIs and eventually found an offer that worked.It was marginally less competitive when I bought my SFHs - I could offer at asking and have a good chance of getting my offer accepted.

Also, I'd recommend getting preapproved for a loan so you can be competitive when it comes time to making offers.

Actual rent rates would be competitive, but likely a bit higher.