@Jeff Heflin  Some students do live off campus though quite a few of them seem to gravitate toward some of the apartment complexes in the area, especially Cherry Grove.  

One city, I couldn't remember which, charges $25/fixture when most do not, I was changing sinks and toilet into granite countertops on an apartment complex and the permits ran about $7800 for 102 rooms.

That said, we're paying so much in rent anyway that it still almost makes sense to buy one of the cheaper condos in Century City, rehab it, and live in it for at least a couple of years before renting it out if we want.Our goal is to live in LA and then invest in multi-families (and eventually apartment complexes) either in the outskirts or out of state, where our dollars will go a lot further.

(waiting on #'s) Other previous listed "renovated" units in the same complex rent for $700-$725.

Repairs, bring in contractors to estimate any major needed repair that is complex.

I apologize for the length of my post, I wanted to provide as much information as possible to hopefully get the best advice possible.I am currently under contract to pick up a small 20 unit complex of 2 bedroom units.

I recently looked up some property lots down at the Orange County Records office, and I although I found one property I was looking for, I couldn't find a map of the lots of a condominium complex.

After looking at your profile and understanding that you own and manage multi-unit complexes, my biggest worry would be for migration of the bed bugs.

The water will probably follow soon after since the bill is in excess of $50,000 for the complex.

I'd exchange rental #1 and rental #2 and buy a small apartment complex.