If you get down to crunch time on the contract, also consider reaching out to other wholesalers in each respective area and consider co-wholesaling. 6 properties under contract is a great thing and it seems your marketing is working!

As another local LA licensed general contractor and RE developer, I agree with this assessment and would only add that the range will vary depending on size of build out as well.

I'm located in southern California in the Corona area and I'm noticing that there are a few homes in the running springs and arrowbear under 1k sqft in my price range, so I'm wondering if anyone here has had any success with small short term rentals?

The ARV on this property would be in the range of $300K- based on comps (what a steal!)

. ($3,015) New York City ($2,075) and San Francisco ($1,695).Article hyperlink here:https://austonia.com/austin-re…I am also going to link the referenced report by realtor.com here: https://www.realtor.com/resear… and include their chart for the top markets with respect to rental increases (not tech hub exclusive).  

You have far more options on loan and line of credit products, and many local banks keep your loans in house which means they're far more concerned about working with quality customers and tend to treat you with far greater respect?

I would look first at what market segment you want before looking at type of housing...lower, mid range, upper end?

@Jonny McknightWhy do you think the agent listed it at $2M if the comps are in the $3.8 to $4M range?

There are 4 facility’s within 3 mile range and they are all much bigger 50,000 sqft+.

Our lender told us that we have to have a tenant's first-month rent and security deposit before getting approved for another loan in the price range we want.