Purchase price: $55,000 Cash invested: $110,000 Sale price: $205,000 This was a 1950 raised home that needed extensive foundation repairs as well as all plumbing, electrical and subflooring.

If you don't have savings to get more property, the leverage would only increase and the risk so why risk something when you are creating a strong foundation?

As far as title companies go, I would recommend Foundation Title & Escrow.

My own thoughts are that you can own fewer properties in CA to built long term wealth vs. buy a lot more properties in other states. 

I have a great tenant and very few repairs issues (I put in a new HVAC and water heater a year before I moved out) but will eventually need a new roof (house was built in 2005). 

It currently seems I’m not going to be coming back to the states anytime soon (given the upcoming projects within the next 3-4 years) but would really appreciate any advice on investment rental property strategy as so to start building the foundation for generational wealth/passive income.We have saved a substantial amount of money  for which the original intent was to buy our future primary residence with all cash if/when we moved back to the states.However, that’s not what’s going to build generational wealth and would rather put that money into passive income investments hence, real estate rental properties.

Most of the time what people are really chasing is time freedom and that can be achieved quicker by using a W2 and real estate and other investment strategies to build a strong foundation instead of rushing.

We are currently in the process of Renovating this home built in 1965 and plan to have completely transformed it by spring 2025.

Over the last 3 years there has been everything and anything that could go wrong with the house due to the remodel and because it was built in 1960.

I didn't hear this from Buyers, but I personally am tired of seeing it.The previous 3 years we strictly did the grey/white, but now thats out least built color scheme.