The subject property is zoned Neighborhood Conservation (NC). 

I did a search on vacant properties and then did a drive-by test yesterday.

I’ve been learning about the industry / different regional markets for the past few years and am eager to execute my first deal in the near term and continue growing through this community.My primary goal is to purchase a property I can live in while generating rental income (e.g., a single-family home with a tiny house, a duplex, or a single-family property where I can install a tiny house).

We have a small rental property that had a tub drain leak causing extensive damage to the floor/subfloor.

After moving out, I’d still be out of pocket $750 to $1,500 a month to cover vacancy, capital expenditures, maintenance, and property management.

Changing the deed into an LLC will probably prompt the mortgage company to call the loan - you will have to pay the loan immediately because the property is no longer owned in the same entity that originally got the mortgage.

In wholesaling, I assume you buy and sell a significant number of properties.

So, from time to time we get contacted by someone, that’s probably bought one or two properties in their entire life. 

There are new laws affecting California transactions in 2024, some of which are very relevant to investors and house flippers.According to the California Association of Realtors, starting July 1, 2024 most 1-4 unit properties that are resold within 18 months (aka flips) must disclose:- repairs, renovations, room additions and structural modifications that were performed by a contractor with whom the seller entered into a contract- the name and any contact info for the contractor for any work over $500- any permits obtainedSo you still can be an HGTV star, just make sure you do it by the book. :)Have any of you flipping in the Los Angeles area been affected by these new disclosures?

That said I do manage some very successful condos.