Hi guys, I am new investor looking in purchasing my first rental property out in Los Angeles but I am having trouble calculating my rehab cost, looking for minimal work to keep my budget.

You may also want to have one unit at lest minimally staged before recording, if it’s in your budget.

The area you buy in will determine the class of tenants you attract and you are in the business of collecting rents and minimizing all other expenses wherever possible so the area you buy in is crucial. 

Residential is generally much easier to lease and minimize vacancy. 

My main sticking point is that I am unsure how to find a marketplace that would be worth my time to find MFH properties effectively since I have minimal restrictions.

I am not actually excited about owning a multi family, and am doing it for the monthly cash flow (which may turn out to be minimal bc of some issues with the property and if that’s the case I will back out of course).All that said, does anyone have regrets going one route vs the other route?

House hacking is a great way to buy your first investment property with minimal money out of pocket and it's lower risk because you'll be living there and able to manage it more effectively.

A house hack is a great way to get started while minimizing risk and the BRRRR strategy is my favorite method to build a portfolio and scale quickly.

If you can minimize your down payment and have more leverage for your money that’s where you’re going to receive cash flow and you’re also going to receive equity.

They are kinda selling the company, partially to hosts, trying to minimize their risk.