This unit was listed with a local agent.

This includes creating a buyers list of what these investors consider a good deal.You are off to a great start!

@Ryan MainwaringCould you please DM your list of HML?

Has anyone obtained a list from the LA County's Assessor's website? 

Everyone says pull "absentee owner" pull "tax delinquent" pull "tired landlord" and the list goes on.

I'm considering this with only a 5% initial investment.Given the tight market, I'm leaning towards a strategy where I aim to break even (or close to it) for the first year or so, with hopes of refinancing when the market conditions improve.

He does a lot of flat fee listings and has a great reputation.

I've achieved my initial goals (financial freedom), so I'm now considering how I'll invest going forward.

They chose to refinance at 70 LTV to keep their cashflow higher, which meant that their new loan was 164K and they took out their initial downpayment + close to 30K additional... leaving no money in the deal with a deal that still fit the 1% rule and cash flowed.

.- Initial Setup Fee: $300.- New Lease Fee: $275, but no fees for lease renewals.- Maintenance: They offer minor maintenance in-house, with the markup fee applying to expenses over $300.Do these terms seem reasonable to you?