I try to go with the combination of something that looks good, but is easy to maintain/replace.

When I'm a month or so "into" my LLC business, that will be easy-peezy.

If you can help someone make it super easy to sell their house, you can create an opportunity.

It's hard to go to people like friends and family for money, but if you cut your teeth there asking bankers for money becomes easy.

When I first started out, I used to do out of state investments (i still have a out of state rental), but personally, I felt I was so detached form my investment, my education was fairly limited (nothing wrong with that if you want hands off), but if you're wanting to start a property management company, I would be hands on It's not easy starting up a business being hands off.

I'm not looking for short sales and don't believe the OP was, either @Jr T.If I wanted to be a Realtor, I would have hung a license after passing that easy test (that taught me nothing about investing) 4 years ago.   

It won't be easy.

Again, not saying you're wrong, but if this is true, I would think it should be easy to find the statutes or the case law. 

You must have a good team around you that knows what they're doing to make each deal easy and worry-free.  

(Think herd mentality)Nothing new, been through a few of them,.....I checked that one prop the OP posted, those are everywhere, non cashflow, lots of renovation needed types of places.I say, "let 'em sit for awhile and stew" better deals for those that wait and keep looking around I'm thinking.Yes, LA has a housing shortage currently, and it's not the first time.We're in no hurry to buy at the top of any cycle, especially considering the sq ft costs being achieved right now in sales.Might be cheaper to build new in another state than pay $279 per sq. ft here with less than grade A tenants,...Unless throwing 120k - 150k down is easy for you for 1 property,....I say go.I'm not so rich I can afford to be cheap, (or silly) with my dough.my .02