In that case you should be open to exploring more hands off REI strategies like funds, REITs, etc. 

If Wholesaling is so difficult in So Cal, would someone who lives in So Cal be better off looking at other areas outside of So Cal?

If you can wait 5-10 years to get wealthy off RE then I’d go that route.

I speak from experience.....some might have $100,000 worth of junk you need to haul off....on a  $10,000 piece of property you bought for $1000.   

If he wanted full CAP rate value of the park he would have spent the 100k to keep his trailers in good repair, sold them off and taken the pad rent monthly.  

Which isn't necessarily a bad thing and should pay for itself, but you are ripping your guests off if 8 people feel crammed and there isn't enough plates and room at the table for them all to eat together. 

Hey @Juan Acevedo First off i do not confuse fact with opinion, If you have a good system and are good at your craft you can definatly make money in los angeles flipping and or wholesaling, never be afraid of competition you should embrace that and create a system to be part of that competition thats what makes this all so fun, not everyone can do it, me personally i love the La market as soon as i get a house completed i have multiple offers in the first couple weeks and i can care less about the competition, i focus on my structure that works for me, If you can make it in La you will find many other areas easy, I'm not far from you if you like you can come visit one of my flips and gain a little experience, i have a couple SFR's i purchased in the La area I'm almost complete with the rehab, good luck to you.

The tenant can always turn the furnace off at the breaker , or at the safety switch.

You will be better off going to a real estate networking event where you can meet multiple people instead of 1 person via coffee.You can meet someone at a networking event and ask them for coffee / lunch at a later time if you click or want to learn more from the person.i would suggest Meetup.com, eventbrite or biggerpockets to find networking events.

@Sandy ChauI believe we base it more off tax assessed valueI