@Arshiya Taami Your best bet is to go work with a local multifamily realtor/broker in Los Angeles who is also a local investor themselves and owns multifamily in Los Angeles, that's really the best person that can help you. 

If anyone has dealt with this previously I would appreciate any insights. the property would need to go through probate - so that would take time to get it through -  your best bet may be to wait for it to go to tax sale and buy it then. 

MAYBE North Sac if you want to get in cheap and bet on future development. 

The money guy is simply going to buy their own house, hire a PM, if (s)he doesn’t self manage, and keep all the profit.Your best bet is to go to the bank and get the reno money.

Your second best bet is to renovate the basement and offer it to the first-floor tenant, unless there is back stair access, for more rent.

They are making a bet that interest rates will come down soon and they can refinance at a lower rate. 

I don't think funding will be your limiting step - it's getting insurance. commercial insurance is getting very tough and many companies have increased their rigor.

I am a physician. i have some capital and would like to get setup with group of investors. i am open to BRRR, rental properties. my time is limited unfortunately because of my occupation but i would really like to network with likeminded investors. i would prefer to stay local (so i can atleast look at places) but open to out of state if the deal and (more importantly) the people/fellow investors appear credible!

But between 10 to 20% between these 3 is a safe bet. 

I'm curious what others have run into when comps are very limited.