I’ll PM you for sure.As an update, one thing we realized is that a HELOC on the property to be flipped (appraised for $85k) would essentially destroy our credit (large loan for a short period, closing out a line of credit after a short period).  

It’s recommended you get there early for the DTLA courthouse because there’s a line around the block by the time the doors open.

Just make sure your contractors are lined up or possibly get more subs to make things go faster? 

You’ll really be helping their bottom line by paying the high premiums

All are in agreement that cash investments do not give rise to tax benefits at this point in time.Bottom line is that capital gains must be used.

They currently rent out a 1 bed 1 bath unit with 5 small dogs.  

The owner said he will warrant the electricity, plumbing, septic/water line, and air conditioning in the contract.

That, coupled with my existing Business line-of-credit and cash on hand, I can pretty much buy houses to rehab and Flip at will, (up to a certain point).

This deal would be for a total of six duplex (12 doors total) with each unit having 2 beds, 1 bath, 1 "office" in the basement (aka bed with non-compliant egress). 

If you can rent them for $1500 a month the math works. if you build them smaller, your cost per unit goes up, because the expense is in the kitchens and corners, not the flat floors.For quick reference here is a cost break down for new construction, look at the bottom line, cost of building a SFR has more than doubled since the 90s.