Is anyone getting under 5% 10 yr fixed (20 or 25 yr amortization)?

I actually used to live in Valley Village (Magnolia and Laurel Canyon).Anyway, SoCal can be a tough nut to crack for newbies.A couple years ago I mailed out lots of letters to homeowners across LA County with no luck.Then I tried rural Kern County and got a deal from a distressed homeowner in California City.The margins were not as large as they would've been in LA or OC, but I was able to rent it out for 2 years before fixing it up and selling it for a decent gain.Also, have you considered an owner-occupied small multifamily for your first deal?

There are also other issues: in our country I heard many situations where people renting the RE, completely destroyed it and either owners or loan takers had to pay on their own to fix it.4.

I work with those who are buying to fix up and flip, as well as those buying to renovate and hold for future rental income streams, or as homes.

After fixing the rent on the property will be at $1,200.

Make a fixed asset account for each property and sub accounts for the purchase price and expenses.

First question is, is it worth trying to fix those areas versus just replacing the whole thing?

I was planning to fix and flip four of the units and buy and hold the other five.  

I don’t have as much concern with someone who was late on some loan payments, realized it, fixed it - and was upfront about it.

If you are riding around with one that doesn't know what the property should sell for once it is fixed up, well.......