With the 8 multifamily units, there is 1 single family house on the lot as well that I am buying with the deal.

Or just start out collecting a fee or hire a third party to manage.As for a buyout down the road, you could put an agreement in place from day one that specifies a set time period that you will buy out the partner.

Mortgage: The deed reflects ownership of the property, while the mortgage reflects liability for the loan.

Hi, is anyone wholesaling in LA or the surrounding areas?

The right person can easily make over $100k in real estate sales.

It's all about timing and the ability to finance the property.

The property hit's the 1%. 

You are going to have to do a LOT of educating before you open the doors.

These two numbers diverge over time as the SEV increases with property value, but the Taxable Value is capped.

If you have an accepted contract, the only thing I would really worry about is copies of all leases.If you are still underwriting and thinking of offering, the price is going to be more dictated based on your own knowledge and idea of what you can do with the property, versus what the seller financials state.