He sort of 'jumped the shark' after RICH DAD, POOR DAD.

Unfortunately, the market has tanked over the last three years and a price that would have been cheap three years ago may be grossly overpriced right now.

Headline was coastal homes tank or something similar.

Any underground storage tanks on the property?

The real estate market tanks and the guy looses his shorts.

We want to make money and grow a business, however I want to sell this house and use the proceeds to buy another place and have some cash left over to establish myself and perhaps start making offers on distressed properties.Assessed value of home: $259.2K     ARV: $275 to $285K    Assessed Land Value: $147KProperty has a septic tank.

There are plenty of duplex, triplex available in the central LA area (east/west/south of downtown LA) that have good numbers -- especially with an owner occupant for buy and hold - you could also get them rehab'ed & put tenants in them for a value appreciation play and flip them to another investor - though this may take some time to find the buyer if you don't have connects to investor buyers in that market.In regards to the West Valley area (Sherman Oaks, etc) ... that area is full of competition and they are doing stupid, stupid things.First they show up like sharks in their Land Rovers, Merc S Class, etc... thats all fine and dandy, I'm showing up in my M5 or Ferrari anyways too... but then they do stupid things like grossly over-offer and over pay for the properties and either 1) make small margins or 2) do crappy rehabs and make a little bigger small margin.I've decided to let them play with each other, and found better opportunities with bigger margins in the same general area (just not the higher end west valley area).West Valley has higher buy-in costs ($400-$500K purchase for a fixer needing $60K) and resale around $600K....

Contemplating oil to gas conversion of four ancient oil boilers in a 4-plex where leases stipulate that new tenants receive their tanks 'full' must have auto-delivery contract and leave tank full upon lease expiration.

My question is this...the listing says the house is cistern water and septic tank.

We do a "Shark Tank" style event in the beginning of the meetups.