Based on what my mortgage broker told me a couple of days ago, these rates are in the low 7%'s, whereas the secondary home loan is low 6's.

Try to anticipate other potential avoidable situations with a follow up inspection to assess the Locksmith’s work and ask your tenant(s) if you can also use the time to assess for other issues such as unchanged HVAC filters, leaky pipes, working shutoff valves, working smoke detector batteries, properly working downspouts, clogged dryer vents, evidence of water damage from leaking roof, etc,etc,etc.

Disclousure:  I lived in CA in the 80's. 

Quote from @Aj Green: Quote from @Tom S.: @Aj Green  Did you sign and close it?

Quote from @Tom S.: @Jacqueline Wright  Every auction is different so the first items to check: do they allow financing if you win the auction? 

Focus on tax-saving strategies such as cost segregation studies and bonus depreciation to accelerate deductions.By qualifying as a Real Estate Professional (spending 750+ hours annually and materially participating), you can offset your wife’s S-Corp income with real estate losses, reducing your tax liability.

Quote from @Andrae S Wiggins: Hello BiggerPockets.

Asking $1.7M https://www.zillow.com/homedetails/94515-Highway-101-S-Yacha...South Coast: 5 Bedrooms / 9 Bathrooms / 9301SF on 34+ Acres with guesthouse and caretakers house. 

.: @Nathan Gesner   Hmmmm....thanks for asking....i thought there was a law change quite a while back, maybe over 10 years ago, which prohibited smaller landlords like me for getting SS#s. 

Quote from @Jay Hinrichs: Quote from @Jeff S.: I don’t see much difference either.