The home prices here in OC are appreciating..although it's anybody's guess of course how that will all play out in the future...so the house will only increase in value, I would expect.   

Hi Christine,While I personally would not be interested in a property that does not cash flow (or will cash flow after some rehab is done), if you are playing the appreciation game I would make sure that the property at least breaks even when all the costs (including vacancy) are factored in.If you are at least even, you are having someone else pay down the mortgage which at least still makes you some money, even if it is tied up until you sell.

I would suggest looking at some rental listings in greenville online. 

If you don't hear anything, then contact the daughter online.

How does this person play a roll in the purchase, offer and contracts of this deal.?

If you are looking for larger properties, then commercial loans and debt service will come into play.

She already pulled her online ads.

With online banking, it is not so uncommon for a buyer not to have a checkbook.What do you do for earnest deposit money If your buyer does not have a bank account?

But the idea is that once minimum wage reaches $15.00 an hour people will have more disposable income for rent.A downside of investing in socal(SGV specifically) is that you need a lot of cash to play.

I gave up on playing games with the sharks swimming around the Denver Metro.