I looks like you are in Cali which is a notoriously tenant friendly state.

One of our mutual friends got a 50% discount from OCWEN on a mortgage, how good of a negotiator are you?

Even though I'm a big guy I bring a second person (my wife or friend) with me to talk to my tenants when I'm going to have a hard conversation.  

there was a follow up post where someone got a loan from them but for realistic rates  8% or so and few points.. under 6% private / hard money simply does not exist unless its a family friends type situation. that bank rates or lower right now for new construction or fix flip  

Shout out to permit professionals like Roy Hasson (just a friend in LA specializing in navigating permit process - this is not a business play we do not work together), who are dedicated to helping others and will likely develop similar resources to support their communities through the rebuilding process.If you’re working on rebuilding efforts or have questions, feel free to connect with me—I’d love to collaborate.

I do know one of the people who works for me has a 2 year work permit (temporary) and she and her husband were able to buy a place in Alberta.BC and ON are very tenant friendly.

These costs for most of the individuals are considered personal in nature (unless you have a RE portfolio that is run like a business; see below).

I agree that is will be a gamble as to how well it will do.Also, ask the owner if they will entertain partial owner financing to keep from dragging family and friends into this risky business venture.Maybe even rent from owner for a year with right to sublease to see how it goes before committing to a purchase.

A warranty can bring peace of mind, especially if the tenant values quality and reliability.Here’s our rule of thumb:For budget-friendly rehabs: Used appliances from a reputable source can be a smart choice.

@Kasey Hardt very interesting,  didn't realize this was a pattern but even I've got friends that are getting recruited to the area for medical device startups etc, so could be a very interesting trend to watch.