Quote from @Todd Fullerlove: Howdy BP friends,I just relocated to Knoxville, Tennessee, Tennessee.

Maybe seller holds a 2nd, maybe partner with someone, maybe get some F&F (friends and family) money, maybe offer a higher rate for the 2.5 years the 2nd is outstanding. 

I'm pretty easy going and always down to make friends, so if anyone is around here wants to connect, let me know.  

Everyone says to find properties and build a buyer's list, but neither matter if you can't calculate the repair costs and also get access to a friend or colleague who has MLS so you can do a proper and real ARV (the other part where all wholesalers fail).

The idea is spreading, and could spread to some other spots here that have traditionally been STR friendly. 

I would also find out from your friend if they have increased the rent since that tenant has been in the house. 

Another friend who invests heavily in Phoenix shared a story about her first deal there..she jumped too quickly into a duplex without adding a little cushion for those first-year capital improvements.

@Anshuman ThakurThere are some very good advantages to investing in Nevada, low property taxes, no income tax, and landlord friendly.

Do you want tenant-friendly or a hammer? 

Landlord friendly states are going to be your best friend since CA isn't the best at looking out for landlords.