If both make the ballot and pass, he said, development of new multifamily will grind to a halt.Brewer said she doesn’t expect rent control to curb development locally.

Wholesaling can work but make sure you have realistic expectations and goals.  

I think 5.25% is expected now since the 10-year Treasury jumped 50 basis points in just the last few months.

No home runs, no grand slams or any other baseball metaphors highlighting unrealistic expectations. 

What are your buyers expecting from you?

Since these are turnkey, I don't expect them to be offered at any big discounts, but the fact that I'm a new investor (these will be my first purchase), I'm willing to accept that in return of not having to worry about doing any work on these properties since they are on the other end of the country (from where I'm located currently).

I don't expect to be where a seasoned investor is overnight.

I help out with the “landlording” as best I can, which means jumping at every tenant request because they expect perfection.

I apologize if my post seemed negative @Steve Medina, but you can really expect much better cash flow on income properties in LA.  

The question is whether I should expect an appraiser to include any type of reserves in his/her calculations considering the building is essentially going to be new construction?