Looking to speak to developers about a NoHo 13 unit project.

I think it would be rare to find a listing that plainly says "value-add opportunity," so I would need to develop my own skills at recognizing these things.

As long as you are consistent an have developed your own metric it really doesn't matter. 

This is a good time to develop a written policy and be prepared for the next one.And there will be a next one!

So eventually, the build up will continue and you may start to see other low pressure problems.  

But two major things about it and why I'm okay with the negative cash flow for right now- 1. it's my forever-home, I plan to hold it and eventually live in one of the units (probably for the rest of my life), and 2. it's Venice so there are a million exit strategies on it and appreciation, both in values and rents, is strong here.

They see median home prices running $600K or so, and those are influenced by all these cool developers ripping out the old and put up brand new crazy-gorgeous glamorous homes -- literally million dollar homes in some cases.There are several houses in that area, very similar, same everything, that have been fixed up (in their current size and floor plan configuration) and flipped for around $285K or so. 

I'd eventually like to get into larger multifamily properties -- up to 4 or more units, but I don't have the investment capital at this point to do that.

They will eventually act to make you go away.Every time they are making noise after hours call the police.

I wanted to develop a quick conservative method of weeding out properties so I wasn’t wasting my time.