It's a whole different beast.LA is unique in many ways: an extremely constrained inventory, an extremely high gross rent multiplier (GRM) in most submarkets, a rent control ordinance, massive barriers to entry in both cost and permitting.All of these can go under "Pro" and "Con" category depending on how you approach them.

Meaning don’t buy something just because you like it--buy it on favorable numbers.If you are looking for a fixer for instance, it's intelligent to find a fixer where you believe rehabbing will allow you to increase rents, and it's best in an area with increasing employment--as well as many other things.If you want to approach this in a hard nosed manner (not everyone does) it's smart to make all of your buy and sell decisions based on financial measures, such as the income stream, and on the return on investment that the income stream represents--as well as many others.It's also intelligent to calculate:1.Its Projected Cash Flow2.Its Projected Appreciation3.The Loan Pay down benefit you will get from owning it.4.The Tax Shelter you will get from owning it.As well as many other things.

Heck, if you approach it right, he might even be willing to chip in a couple bucks for it.

But I’m looking for advice snd information on how someone should approach an investor that is looking to start selling their portfolio.

I believe a more reasonable approach would be a written 30 days notice, noting the need to continue to pay rent as required for the last month.

Hello Ohio investors,I was inspired by this article to improve my approach to underwriting CapEx costs for buy and hold rental investments.

Like @Brandon Turner says in his "The Book on Rental Property Investing" about Landlords who approach their business like a hobby or a side project, "When this Landlord goes bankrupt, and he most likely will, you and I will be there to get a great deal on his property, turn it around, and start managing it like a business."

My approach will be to be 50/50 partners.

Sometimes with real estate investing you have multiple approaches and its really just up to your intent/strategy and risk tolerance as to decide what to do next.You probably should find yourself a good lender that will work out these aspects for you, i.e. your financing/loan options. 

One I purchased a 57 unit in Mentor Ohio at $2,000,000 in Aug of 2019 and with cap rate compression, NOI improvement, recent sales, this thing is approaching 5.5 million valuation at the moment and we ONLY have about 35% of the units that are not renovated.