There is too much competition at the auctions....you won’t be able to flip them as is for $20-$25k profit.....just not realistic.

You might get better service and a more realistic pre-approval letter from a local lender as opposed to a big bank or online lender.

I think your target areas are dynamite and prices realistic.

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.