Quick background I co-own/manage 192 multi family units. 

LA is gentrifying quickly and people are getting pushed out further twoards palmdale, lancaster, san bernardino, or out of state.  

I work construction gigs as a carpenter and rehabbed my entire house down to the bare bones so I know all about that.I just bought "Housebuilding" A Do-It-Yourself Guide by R.J.

Quick introduction.

Wanted to shoot a quick introduction out.

Wanted to shoot a quick introduction out.

The scale climbs quickly but levels off quickly,  and falls quickly, such that (hypothetically):$1 rent = 100% demand, $50 rent = 100% demand, $100 rent = 100% demand, $250 rent = 97% demand, $500 rent = 80% demand, $750 rent = 60% demand, $1000 rent = 30% demand, $1250 rent = 10% demand, $1500 rent = 2% demand, >$1500 rent = <1% demand.

Like Chris said most people are attracted to the idea of getting rich quick without a lot of work but especially when you're starting out there is a lot to learn and a lot to do.

If you are a good Landlord and the home is nice, you should have no problems.If you ever have a problem with your renter, a quick call to the housing office or his/her First Sergeant may fix the problem quickly.

If their previous lease was month-to-month, you can do this easily and quickly.