Any insight into how others have approach this scenario (albeit a great one) are appreciated!!

HH income is about $130k excluding bonuses and we have no other debt.I'm having trouble determining which scenario is the best approach given the details.Scenario 1: Refinance the $88k to 30 year, no cash-out, drastically reducing the payment for us now and for rental cash flow.Scenario 2: Cash-out refinance up to 70% LTV.

I realize the appeal of a traditional duplex but there are other options and ways to approach the situation if you're interested.Hope this helps! 

I’ve worked with my GC on several deals and he has approached me about wanting to work together.

Or, do 1-to-1 since you have little work to open and close LLC (and associated accounts) as opposed to if you do 20 a year.Another approach is to change LLC's after a certain time or number of deals. 

Do I approach the homeowners and suggest a Subject To or out Short Sale?

Hello BP community,I was inspired by this article to improve my approach to underwriting CapEx costs for buy and hold investments. 

Or sometimes a buyer will approach you without a Realtor or you will find someone yourself, then there are no commission fees at all. 

It's a whole different beast.LA is unique in many ways: an extremely constrained inventory, an extremely high gross rent multiplier (GRM) in most submarkets, a rent control ordinance, massive barriers to entry in both cost and permitting.All of these can go under "Pro" and "Con" category depending on how you approach them.

Meaning don’t buy something just because you like it--buy it on favorable numbers.If you are looking for a fixer for instance, it's intelligent to find a fixer where you believe rehabbing will allow you to increase rents, and it's best in an area with increasing employment--as well as many other things.If you want to approach this in a hard nosed manner (not everyone does) it's smart to make all of your buy and sell decisions based on financial measures, such as the income stream, and on the return on investment that the income stream represents--as well as many others.It's also intelligent to calculate:1.Its Projected Cash Flow2.Its Projected Appreciation3.The Loan Pay down benefit you will get from owning it.4.The Tax Shelter you will get from owning it.As well as many other things.