Others have said its impossible to get a deal like that in LA, but the math still applies.

I know it sounds like a lot but when you start thinking about it it makes sense (PM, taxes, ins, vacancy, legal fees, turnover ect) so start doing some math with that in mind and you'll start to see what you need to look for in an investment property.

I've searched here on BP and found some do's and don'ts and the always do your homework articles, just looking for more detailed info regarding this topic.

Ideas with no legal point of reference which is fine, just do your homework and be careful!

It has the not unpleasing aspect of a small campus, I keep joking that all we need is a general store.As mentioned before, separate meters except for water, water runs about 6k a year, which is verifiable.Just starting to do the math so that's not my question (yet), trying to pro-actively figure out what I don't know enough to ask.As an aside, our firm is Lead RRP certified so testing not a problem there.

We are buying for the pure math of passive revenue generation and CASHFLOW.If you overpay for a property that you dig into your pocket each month to afford. . . it doesnt get better, even with appreciation.Bottom line:Use it as a benchmark to answer the question: ". . .will I make money when escrow closes?"

If you know you will be holding for 10 year just do the math and figure which comes out the cheapest.

It also provides the "appearance" that some very technical math and computation was used to arrive at your best offer.

I live in CT but have rental property in MA.

I've been wrestling with the math of it all.