Real estate is hot again in L.A , and there seems to be a frenzy to buy now for fear of being priced out or having to pay more later.

Replaced several gas heating boilers and several gas hot water heaters.3.

I would only consider the home warranty for older properties that are inevitably going to need things replaced, such as hot water heaters, etc.

I figured it's not a scorching hot deal, but it is in a good area and is pretty much move-in ready (new carpet and paint already installed), with only some minor touch-ups needed.

You can also find more information on city-data including maps for hot spots and street level information.http://www.city-data.com/city/Saratoga-New-York.htmlBest of luck!

Icing on the cake here...the tenant advised me NOT to buy the property.4 - garage - Basically an empty car garage, only thing illegal was the hot water tank sitting on the concrete...some cracks going through the ground.All in all, what a mess.

If it's a HOT rental market, maybe you can use 5% vacancy instead of 8-10%.

You know what, he might be okay with 85%-90% ARV if your market is really hot!

I just took a quick look at the Garden State MLS, Elizabeth indeed seems to be a hot area to invest in. 17 out of the 20 active, multi-familiy homes priced $100,000 have accepted offers on them and are in attorney review.

It also doesn't include any new appliances that may be needed in each unit (like new hot water heaters - if all 4 units are currently sharing one hot water heater at the moment).So at the very least, I'm looking at a cost of roughly $2,000 - and possibly upwards of $5,500 or more (if new appliances and gas lines are needed).