Originally posted by @Anthony Marin:@Theresa Harris I agree, if they refuse to communicate then you should evict immediately. 

We are currently flipping a house in Marin County California that was built in and around 1920. 

To help provide some perspective, three paid off SFR's in central Marin County (San Rafael, Ross Valley) should net you about $125,000 to $140,000 in cash per year, (depending on whether you are paying for water to ensure maintenance of the landscaping, etc).   

🤟🏼Winter 2021 I will be attending The Foster School of Business at the University of Washington.I will be there for a Bachelor’s in Business Administration and Finance with a Minor in Real Estate from the Runstad Department of Real Estate.Since getting out of the Marine Corps in February 2019 I have been working on my Associates in Business Transfer Degree from Green River.

Not sure where you are investing but here in Marin County California your only chance at securing deals on distressed properties is to go all cash no contingencies with a 15 day close and EMD of 3-5%. 

@Anthony Marin except then she’d be working with the listing agent as the buyer, which is like working with a fox as a hen.

For underwriting your vacancy assumption should be 10%, managemnet 10% taxes Ave insurance will go up marine significantly bare on new purchase price value, you need a CapEx budget of at least 5% marketing fees, admin, legal and miscellaneous 5% you may need to allocate more or less depending on property location and condition.You do not account for depreciation or any other tax incentives in your model or for ROI that’s just icing on the cake.Equity gained through increase in income and value does come into play in calculating ROI but not in determining what to pay the seller.

I have invested locally (San Francisco-Marin County) and out of area (Davis CA, Las Vegas NV, Rochester NY, Tampa-St.

I'm in the planning stage to start flipping soon, I have a partner,  both of us are Marine vets, and I'm wondering if there are any experienced flippers/REI's that wouldn't mind giving a young lad some advice.

I have been thinking about the Wilmington - Jacksonville NC area since I have a buddy in the Marines down there.