I’ve made substantial improvements to the property (flooring, texture, interior and exterior paint, total bathroom remodel, painted cabinets, new carpet, crown and base, new doors).

There are a lot of moving parts to successfully purchase the land, get entitlements, put in horizontal improvements, put in vertical improvements, get leases negotiated and in place etc.

You need money for repairs , improvements/ cap ex also for vacancy reserves .

This is a pervasive issue across LA and we all need to work together to improve our city.I live in Venice and this situation is common.

We were on the other side of one of these a couple weeks ago.If you really want the deal and are confident that it will close. 

I would assume after rehab taxes will go up substantially being property will be improved. 

But the is an area where spring/summer is best for sales.I can fix up the kitchen and list it this fall or I can skip the improvements and rerent it for 6-18 months.

It sounds like you are suggesting repairs/improvements need to be made.  

Just improve as what is average for that area.Are there any nearby amenities and what the nearby retail development attract, if any.Are there any needed repairs, renovation, or capital expenses?

The education I received through the podcast was invaluable in giving me the knowledge and confidence to do the first deal.