As such, there are many different paths of due diligence relating to the same.  

Due diligence on the sponsor is one of the most important components of a syndicated investment decision.While I can't speak for what other sponsors do, I can directly answer your question relative to my own personal experience.  

I'm open to anything, real estate related or otherwise. 

Definitely start jumping into the community here and feel free to ask any questions related to Real Estate investing!

@Robert Keller When you are getting started with the BRRRR strategy it is very important to have the refi part of the equation relatively lined up before purchasing.

And just to overgeneralize completely, cash-flow is usually inversely related to the quality/desirability of the area. 

@Johnny Szeto Although you do not need an LLC in order to deduct expenses for repairs, it is certainly recommended to open a separate bank account for all transactions related to your real estate investment activity. 

I'm a new investor in the LA county area --I have been looking at some properties on auction.com and was wondering if anyone has had any experiences with the site/buying foreclosures in LA and any related advice...thank you! 

Why use an LLC if the other side is going to be able to "pierce the corporate veil" with relative ease in my case?

I have a 3rd party PM in place that handles most PM related issues, but there are always units that need rehabbed when they become vacant, etc.