Okay, so here is what I was able to find out while researching title: the property was most recently deeded to another investor in 2011 but the legal description omitted the neighboring parcel!

Have to be more descriptive on location to apply my thoughts to the location and its future potential, not a small part of the equation.If not in a flood zone, why worry about flood insurance?  

As far as the online CRM:Beautiful photosGreat description / catchy titleCompetitive rent rateFirst response to tenants and constant follow ups

I've not yet met a REALTOR that moves as quickly as we do, knows how to put together an accurate rehab budget and scope, has the relationships with the bank listing agents, and/or has the track record of successful outcomes that I/we have.  

Your description sounds like a more real estate literate version of what I was trying to say.

assuming you have an extra $20k on top of the usual closing costs, yes you should be able to refi after seasoning is met, A word to the wise, know all of your closing costs for the initial finance and refi.

Your previous description of what you want to do is the definition of brokering real estate.If you put a home under contract and close on it yourself, and then you resell it - you are totally fine.  

Property Address 123 Main Street Asking Price $319,000 Description 3 Duplexes (6 Total Units) Down Payment 63,800     Mortgage 1218.37       INCOME Description 3 Duplexes   Rent     Unit1   550     Unit2   550     Unit3   550     Unit4   550     Unit5   600     Unit6   600             Gross Scheduled Rent 3400/mo 40800/yr   Vacancy   7% 2856/yr (40800 X .07)         Gross Operating Rent   37944/yr (40800 - 2856)                 EXPENSES         Insurance     2550/yr (850 x 3 buildings) Taxes     2217/yr (tax records for 2015) Repairs     2040/yr (40800 X .05) Best guess Property Management   4,488/yr (40800 X .11) 11% fee Water Utilities     3600/yr (Owner pays water) Lawn Care     2000/yr (200 X 10 months)         Total Operating Expenses   16895/yr           Net Operating Income 21049/yr (37944 - 16895)         Mortgage     14,621/yr (1218.37 X 12)         Cash Flow     6428/yr (21049 - 14621)         Cash on Cash Return   10.07% (6428/63800)

I will do my best to give a brief description of a property I looked at.  

In the Los Angeles area there are only a few properties that fit this description, most of which are in areas that are rapidly changing and have a high potential for growth.