This contrast greatly with New York, where they simply blow our numbers away in terms of new units built each year.Because we're so much slower at adding supply and we're not building dense enough, we're simply not able to keep up with the demand and that is keeping prices high, effectively stalling Phase III - Hypersupply of the real estate cycle.Just to meet the demand and prevent home prices from growing at the 200%+ rate it's been heading, we need to be building hundreds of thousands of new units more than we're already building every year.So why aren't developers rushing to develop in Los Angeles?

It is unfortunate to say, but 98% of the people you'll meet in this business who ask you for a card aren't actually worth giving it to.

If you aren't comfortable with the laws and handling the eviction then definitely bring in an attorney even if to simply consult and advise behind the scenes.

I currently live on the far East Side and enjoy it here, but there aren't any Multi-Families in the area for Sale that meet the 1% minimum.

I agree with @Brent Coombs...numbers aren't enticing with vacancy, cap ex, repairs, prop. management factored in.

Zoning, health dept. permits, land restrictions, building permits to meet code (garages aren't the same as dwellings), etc.

However it is our understanding you can only have one outstanding USDA loan at a time (we're aren't relocating a great distance).Question - Can my wife utilize our combined income and/or a cosigner to qualify for a USDA loan solely in her name given that I already have a USDA loan by myself?

It seems like the time that we are in is an anomaly, but many investors aren't aware of that or are not planning for the future.

I also talked to my realtor and PM’s in the area as well.The thing to keep in mind about them is even though they can cash flow better than SFH, they tend to be in class C or D neighborhoods so if you aren’t going to manage them yourself, you’d have to run them by a PM first.I’d say it’s better to stay away from between Beechnut, Bissonnet, 1876 and S.

If you're spending 40+ hours at your W2 job, that is time you aren't spending working on your flip.