Tenants keep unit clean $35K MLS-2180280532730 Berrell - 3BR 2 story -  Long term tenants, $645/month, pay well each month, unit will need rehab (windows, floors, paint, probably kit/bath if desired) $32K MLS- 2180280611776 Republic Ave. - 2 BR flat with full basement, somewhat finished Vacant, needs rehab: Kitchen cabinets and counter are in good condition, unit needs flooring, paint, tub kid, 2nd bath in basement, upgraded elec. panel- $15K MLS - 218028374

As It is cost prohibitive for me to set up all these LLCs since I am just starting out.I physically live in Los Angeles, Ca.Any tips are appreciated.

Interior Paint, floors, hvac system and roof all redone with in the last 6 months.

Hello BP,My name is Eibar and I’m 25 and new to the REI game. Of course I have tons of questions as to where to start and how to begin.  I know most people will say I need to first find a lender and an agent, but also...

Any tips on evaluating an older property for repairs etc.? 

We're finishing sanding the drywall tomorrow, then it's time to paint and install cabinets.  

Before you know it, you'll be testing the paint for lead, the water for arsenic, the air for mold spores, pulling up the subfloor to determine the radon seepage, raking the yard looking for poisonous snakes and camped out with a flashlight and a machete in the yard in the dead of night warding off the threat of a zombie apocalypse while they chat up your other tenants into a class action suit to address your "negligence."

Would require new interior paint, exterior cleaning, flooring to replace carpet (when home is vacant)From the surface this looks like a good deal but I am only starting to learn about this market.

@John Woodrich - very good tips! 

Typically chipped and peeling paint (lead hazard), anything problematic that could put the buyer at risk - that kind of thing.