Hopefully I can avoid critical mistakes.

Many owners leave money on the table simply because they don’t maximize what’s legally allowed.Since you mentioned owner occupancy won’t work because of last in first out, this is where fully understanding the “LANDLORD laws” in LA becomes critical.

There are a few things that you have to pay attention to that occur simultaneously, but using realistic numbers are critical. 1.

Unfortunately it takes a lot of critical thinking skills to really distinguish fact from fiction.

Each area has its own character, rental demand, pricing, and quirks.It’s critical to work with someone local who knows the market well.

The timing of this is critical in order to make this a financial benefit. 

Running projections with your CPA before committing is critical.3) I prefer a full-service engineered study.

I am really interested in Berwick especially with the new business/data center coming there and suspect this will be a great market to get in on but really dont have the know-how to make smart predictions of the sort or critically analyze a market. seems most properties are decent cash flow and some appreciation though not stellar??

Engage a tax consultant for taxes.It is critical to understand what cashflow looks like vs. just looking at NOI.

For direct resources, I’d suggest:Lender term sheets for small-balance multifamily (bridge + perm)BRRRR case studies focused on 5–8 unit properties (the execution is slightly different than 1–4 units)Local Houston submarket rent and expense comps (critical for Third & Fifth Ward underwriting)That said, the reason I commented was because those pieces are often fragmented or outdated online.