It's hard for me to imagine a newly renovated condo in the Heights as being a great investment in the current market (again, unless you're getting a special deal), but I could conceive of good opportunities around Journal Square that need some work being good deals.If you run the numbers on cost/expected rent/maintenance/repairs it may be obvious which is a better deal, although I subjectively feel that you'll probably enjoy more appreciation, at least in the shorter term, in Journal Square than in the Heights.Good luck!

I enjoy the idea of building up properties and renting them for a profit, I fully support capitalism and believe it is the most compassionate and successful system ever built.

(I see you are in Culver City, make sure you drive the area and walk around to make sure you would enjoy living there) If the market goes down and your property is worth less are you still ok holding it?

Taking some of the profits to enjoy yourself is hardly a financial disaster.

I really have enjoyed the podcasts! 

I really enjoy all the success stories and would love to help the BP community in any way possible.

You might want to check out the A Beginner's Introduction to Real Estate Investing to help you get started.You may also enjoy this post, about multifamily properties: How to Buy a Small MultiFamily Property: A Step by Step Case StudyAlso -be sure to setup some keyword alerts - especially for "White City" so you can jump into local conversations.See you around the forums!

I am looking at either short term (vacation rentals) or long term year leases, single family or condo, buy & hold.

Some are rented annually, some monthly, but most are vacation rentals so week to week from Airbnb.

Full disclosure will be given about the circumstances of the listing and tenant will agree to vacate once it sells.