I would look on the outskirts of LA, I had a homie of mine who got a 5 bedroom house in Bakersfield, CA for 280K.

Here are the 2022 FHA limits for LA County: https://www.fha.com/lending_li...The key to making a multi-family work in LA is rent.

However, house hacking could be a good strategy to start out with to lower your cost of housing (which in LA is huge).

I would actually advise against trying to use private/hard money at this point simply because LA is so competitive in the flipping game, that I would rather you take your time to learn the fundamentals of real estate, establish contacts with good contractors, learn the local rules/laws, etc. before jumping in trying to flip a house with a crazy high interest rate from a hard money lender. 

@Chris Lai I have heard of the stock portfolio lending.

Hiral Lai Welcome to BP!

Hi David, I live in Los Angeles and enjoy flipping houses, but the market here in LA is pushing me out.

Min LTV/LA is 70/$75k so the condo must appraise for over $105k. 

Always a good idea to start with markets you know although LA is expensive as you know!

If I built out the houston rei then end up back in la I fear I won't be as hands on and it will get neglected which is why I feel AV could be a better idea in the long run.I'm very much a buy and hold or a buy add value and 1031 into more buy and holds.