one thing Los Angeles has so much competition and it's really hard....

I have been buying and selling for a few years now, I see my competition killing me in terms of acquiring properties.

In pure economic terms, California is hard to make work given the retail competition and low inventory.

Less competition for me!

@Matthew Mehring I’m also a newbie investor so cannot give you much advice but I’m a competitive runner so would love to chat more about your Ultra!

Sale Price vs List Price has a slight upward trend but nothing out of the ordinary indicating an upward trend in buyer competition.

The big bulk buyers have now left but competition is still extremely high.

The large place here that turned twice was killed by band cover charges on fri/sat, college kids won't pay 20-30 at the door here, they may in your area, but point being, you can price your way out of business quickly.Distributors set the prices, not you, they don't have competition.

Consider how easily a peril or condition can exist and be taken away, if something can be popped up in ten minutes and taken away just as quickly, a landlord will have very little control over the matter.Instead of getting tied up with liability paranoia and trying to micro manage tenants as to allowing something or not, get with your insurance agent, see what they think the risk is in that area, what claims experience they have with such issues, if the exposure is insured and explain the competitive nature in renting to allow your tenants to have a life.If you are adequately insured and have taken reasonable precautions you should be sleeping just fine.

Fortunately I should have a few development groups interested to keep thins competitive : )