I would want to know if there was any equity capture and cash-on-cash returns after rehab.

As interest (taxable as regular income), capital gains (usually taxed at 15%), and basically return of principle (pry called something else but payment against her cost basis.) that’s tax free.

Confusion about return ON investment and return OF investment 

I'm a fast learner and highly motivated to soak up all the knowledge I can. 

I am not in LA, but since it has been two days with no local answers for you, I have some tipsWhat you want is a high volume landlord tenant attorney.

Did you do a Listsource grab of properties with high equity or you had another way to coming to that conclusion?

Below is my high level numbers -Property cost: 500k - 600k, Rehab cost - 100k - 150k, so total project cost: 600k - 750k.Please let me know your thoughts. 

Low inventory, high demand.

Scott, I would HIGHLY recommend going some details and running some examples through it so people can make an informed decision on which one to use.

However, I recognize I still have much to learn.I would highly value advice from veteran investors on finding the right opportunities, understanding regulations, financing projects, and overall best practices.