We purchased this duplex 2/1.5s with a combination of our cash and seller financing.

Combine that with being able to manipulate both with having unrealistically low reserves, which is a whole other issue for another day.  

I'm currently living in LA and looking to get my first investment property, here's my current situation:- I have 300k available for down payment- I have a somewhat decent credit score (in the mid-high 700)- My household income is around 240k annually combined with my SOMy main goal for now is cash flow, and even though I would very much prefer to invest locally, I understand that Socal is not the most friendly place for landlords, through some research I can hardly find anything with a decent CAP rate reasonably close to where I live.

I got quotes to get electrical, plumbing, Dominion power pecker head and meter installs to a total of combined number of 40k (material and labor).

(Obviously not counting property tax, insurance, interest etc s I assume those are less than rent combined or you should just rent.)If you plan to leave the state in 3 years I would aim for 10% below the median price.

I'm currently living in LA and looking to get my first investment property, here's my current situation:- I have 300k available for down payment- I have a somewhat decent credit score (in the mid-high 700)- My household income is around 240k annually combined with my SOMy main goal for now is cash flow, and even though I would very much prefer to invest locally, I understand that Socal is not the most friendly place for landlords, through some research I can hardly find anything with a decent CAP rate reasonably close to where I live.

I think the exodus is coming from both the ability for more people to work remotely, combined with how strict covid protocols have been while still having most hospitals at full capacity, rising homelessness in the west-coast cities, forest fires, and the ever-increasing cost of living.

You just need the right purchase price and value add combination.

When it is necessary to follow through with the next steps in the eviction process, I find serving the next round of paperwork combined with a stern conversation about their future as it relates to damaged credit, garnished wages, dealing with a collections agency, ability to rent again or receive Section 8 vouchers etc., usually works well enough and rarely do I have to follow up with the actual court eviction.

I believe it is a combination of a couple of factors. 1.