I think this is still attainable, but more realistically renovation will be completed by February or so [just allowing some time for slow down around holidays].

I suspect it is either real low LTV or that you consider it positive cash flowing if the rent exceeds the PITI payment which of course is leaving out a lot of expenses.I am confident stating retail non-commercial residential RE purchases in Inglewood have initial negative projected cash flows when using realistic expense estimates and high LTV (80% or higher). 

Generally speaking I'm a realist that leans more on the positive of most situations.

@Erik Whiting  excellent posts and perspective's. this person already made this post a few days ago and got a lot of the same feedback  WHY  and its not realistic to think you can live on 4k a month for the rest of your life.. 

Some areas are just more realistic to give you that price.

It just isn't realistic.

There is realistically no reason for a money guy to JV with you. 

I know that as an agent its a controversial topic but I also want to be realistic and try and find solutions for different types of sellers.  

To be honest, it would not be in a neighborhood we would want to live in, so it would feel like "doing our time" in a relatively not as nice neighborhood to save cash. realistically it'll be more than the current rent after paying taxes, house maintenance, etc here, so I guess it's not really worth it for cash flow up front, you'd just be banking on the value of the property going up, which is a gamble I would not take in this sort of economy... but then again, it is Southern California, and I feel like there will ALWAYS be demand..

Or realistic?