About a week ago, the borrower came through, paid all past due payments, paid all the costs associated with the foreclosure, and the note is now current.I learned this strategy from one of my clients.

We would like to purchase the property but also spend some time there, approximately one or two weeks a year.

@Blake Kirby I just finished the first half of a successful 1031 exchange for BP clients from California...the second fourplex closes early next week.

Booking lead time has been dramatically dropping over the last couple of years, and people booking week of is becoming more common, especially for smaller places. 

They stayed up to all hours of the night and apparently culturally were very heavy footed so for weeks on end they stomped up and down the stairs all night long.

This will give you a clear idea of what the house might be missing, and or need and gives you time to make those changes/additions before your first group.Another tip: I think it is natural for bigger properties to have more vacancies during the week/slow season.

I'm calling for final on a converted garage next week.

It is a little slower to find a tenant, in our case maybe 3-4 weeks instead of 1-2 to get our average 10 applicants for 1 signed lease. 

This could have changed in the last few weeks and is only for Los Angeles county. 

My property is huge and big enough for six units.I was told that I'd have to get a really in depth Survey first.