I did a SFR flip there in 2015 and made a really good returnThey've been discussin LA River revitalization for 30+ years but it seems to be gaining steam, local gov is on board, and they've been approved some funding from the fed

That typically is investors.

Here are some typical ones:1. subject to my partners approval (your pet rat can be your partner)2. 120 inspection (we have world class inspectors...and they stay booked)3. subject to a 60 year mortgage at -0- interest If these aren't enough you can go to the "wholesaling" forums and find plenty of advice from frauds and scammers. 

I had been thinking about moving into it for 18 months (avoiding capital gains) - and selling my other home, anyway - while I finished up landscaping and such.The market where I live is schizophrenic (prices are all over the map) - and I'm not impressed with the small pool of realtors that work in up here (northern (like two minutes from Canada) New York) .

Once you have attracted one you would typically have a business plan and agreement already set with the PML before going to and auction.  

welcome @Timothy WadsworthBP is a great place to network and gain knowledge.

I assume she typically charges 5% to sell.I wonder if its ok to ask her to count the buy side 3%towards her sell side commission.

We could examine crime maps and cost per square foot heat maps against typical rent if you would like to become more familiar with this market.Best investing,Donn  

That typically is investors.

If one decides to reside in one of the units for 2 years prior to selling will the $500k exclusion take place and gains taxation would only be imposed on a selling price of $600k or higher?