I made some pretty rookie mistakes when I got the place but thankfully i was able to do some good learning out of it all and not have the deal fall through like it easily could have.

It's definitely sad to see places fall apart, but even savvy investors would have to buy and hold I mean hold for a long time because if your population has dwindled who are you going to rent it to?

If there is a slip and fall claim made by a biz customer, the tenant biz policy will defend you, greatly reducing the likelihood that your policy would pay any part of the liability claim.   

I would assume property values still may be falling a bit in this area per the city assessor. 

Here supply is high and demand is low, so prices fall.

As long as you don't violate laws, the details will fall into place.

If you were to just silently include the amount in their rent, their rents would be noticeably higher than anywhere else they look so they probably wouldn't rent your unit.LA in general is next to impossible if you want to invest for cash flow.

*******Careful: As soon as the sellers includes a specific price, it is likely that the ROFR will be transformed into an option, and one again falls within the definition of an executory contract.

If your buyer falls thru, would you mind calling me so I can make an offer on it?

Those are my favorite as they are very little down and the pmi fall off at 78% loan to value.