@Amy Hu I am in the same boat as you, no passive losses because my income is too high. 

Quote from @Daniel Rabinov: Hello,So I am ready to get going on flipping or BRRRR.The thing is, my local market (Los Angeles) is not a great place to start as entry points are really high for beginners and it's very hard to get good deals here.

Meeting seasoned investors, brokers, lenders, and property managers face-to-face at these events is highly recommended.

We Honestly see this all the time, all over the City, and the fact that you're looking to do it in a Safer way speaks highly.

The basement itself is an unfinished basement, as well as unlivable (5ft high floor to ceiling).

Also, if you have any other recommendations of a servicing company for a beginner note investor I would highly appreciate them.

You also need a high FICO score of 720. 

Example, if the Subject is located in a highly desirable school district where buyers pay more to be in, then that would probably be a very high desirable characteristic on a buyer's wish list.

Many are entering the market with high hopes, only to find themselves in a crowded space, leading to a race to the bottom on pricing.This pattern of homeowners turning to Airbnb, thinking it'll be an easy win only to find the need for constant price adjustments, is reshaping the market.

Even if FSBO folks make a mistake, I doubt very highly it will be anywhere near that amount of money.