The E-Myth Revisited, Street Smarts (actually I am listening to the Audible book) and of course J Scott's 'The Book on Flipping Houses' :-)

Streets, neighborhoods, for buy and hold as well as flip.

LA is the probably the last market I would choose to start out as a new RE investor, if I had other options, because of the high competition and outrageous values there.Man, I'll leave the remote investing advice up to those that do it - seems likes it would have to be a partnership with someone who has feet on the street in the area where you're investing. 

Parking at 459 8th St, or other garages nearby here:http://oaklandparking.spplus.com/Oakland-459-8th-Street-Parking.html

Address above.http://oaklandparking.spplus.com/Oakland-459-8th-Street-Parking.html

There are some parking garages/lots within a few blocks, but street parking is scarce.

Thus, it appears, the need for new multifamily investors to either have a track record closing other business deals or real estate deals outside of multifamily...and/or partner with a sponsor/mentor with the street cred to get the attention of the brokers...does this sound right?

They are definitely a real estate company first and foremost; after all, they do own commercial real estate on some of the most desirable street corners in the world! 

The market share will fall back as to its previous years.Most folks on the street don't know that banks or regulated lenders have regulatory examinations that are paid for by that lender, I didn't get my paycheck from tax revenues as an examiner.

Just a few quick Pros and cons I see for each in terms of REI;More Money:  Can save up for down payments/ renovations quicker and more frequently.More Time:  Easier to manage current investments / more time to search MLS and the streets for new potential deals...Any input / opinions / stories would be greatly appreciated!