Learning the relevant statutes which define the legal process which created the motivated seller.

Hi @Kamal Sukhija,Good on you to think about this ahead of time. 

This would apply to your unit.Your biggest concern with setting the rent should be the near future. 1) Your insurance is guaranteed to go up, probably dramatically.  2) You may get an insurance assessment bill to cover the CA Fair Plan losses.

there is no bank, no mortgage, and therefore no due on sale clause.if there is a mortgage in place, and you take the payments over, this is typically referred to as subject-to or sub2 and is much higher risk for everyone involved.

I am not just saying this because he is on this forum or post.

You can find his YouTube channel at:facebook.com/platinumresortassistedliving He is all over this subject and he is in Georgetown, TX.

This is where your qualified intermediary takes title to the new property and holds it until you are able to close on your old property.

It's not a hard program to learn and there are no "secrets" to be successful.We've managed thousands of S8 leases during our 24 years in the Detroit market, DM us if you'd like to chat.

thats basic list one can add.Value add /  New construction / land entitlements/ Timber / Minerals/ Lendingetc etc.. far more ways to actually make money than just buy and wait for rental income to payoff debtl 

Let’s share insights and tips to help each other out!