Newbie from Oakley, CA

[Tammy Wise]

Hey there! I just wanted to introduce myself. I have been taking the last couple weeks to listen to all the great podcasts and posts. I am new to REI and basically a happenstance landlord. I am trustee to our Family trust (my young adult children beneficiaries due to our personal finances at time of father's death) in which there are 2 houses included. One small, very run down ( w/ water/basement issues), little house in St Joseph Mo and my late parent's house in CA. The MO house was renting when I became Trustee but has since vacated and we could not get new renters. I will def need to pick your all's brains on this one as we have put it on the market as is (even reduced it) with no serious bites...My dad left it with a decent HELOC that I additionally need to take care of on this problem child (no cash to update house at this time unfortunately). We are almost ready to start renting the CA house after a total gut remodel so I will be landlording again. I definately have the REI bug and already trying to think of how to grow our empire (LOL). My husband's and my personal finances don't allow for us to do anything for about a year so I want to focus on the Trust assets for now. If anyone has any advice, tips, or forewarings for this true newbie, I am open ears :-). I am hoping you all will take me under your wings as I get more confident in all this. I have bought the Flipping Houses/Rehab books which are awesome starts for me.