Just made my first post here to introduce myself so won't go into that too much, but I'd like to start this post with this question, and elaborate on it a bit below: Is it feasible for a first time investor to start investing in Los Angeles real estate? 

My business partner and I will be using our own funding and creative financing to purchase our first hack (we are currently renters). We live in Los Angeles and rent a nice enough apartment, but housing prices are sky high. I have a full time corporate job here with a salary that makes it hard to justify walking away from. Ultimately (and hopefully in the near future), walking away from this 9-5 is the goal, but first we need enough cash flow to do that. 

With that being said, my current predicament is this: It seems very difficult to start investing in LA because the only multi family homes under 400k are in VERY undesirable areas, but this is where my job is so I can't leave town for a more desirable place to invest in real estate. 

Final Question: What would you do?