This can make it difficult for you to assess problems in the future.Also, when you buy property that have been converted, likely the layouts are very funky.

$50k is not enough to make alternative financing work because even at an embarrassing interest rate the investor will only make a few thousand - not enough to justify the time, document prep, risk assessment etc.I'd suggest that you get a realtor to put up the money, take a mortgage plus a few points of the selling price.

Nevada has the 4th lowest property taxes that do not assess on the sale of the property, very different than CA.

Here's my take:- The condo in FL Beach is suitable for people who live in the East Coast, especially financial pro.The problem with the condo in FL is the HOA assessment/fee and property insurance.- Hawaii in general is very suitable for people from the Bay Area or socal as there's only 2-3 hours time difference.

There's a credit application involved, often there are fees, a lending institution needs to assess value, assign interest rates, amortization tables, etc...

It does not seem to, but a couple properties have significant amounts owed to an individual through an Assignment of Rents document and I just want to get another set of eyes on this to make sure I'm interpreting this correctly.The deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except:(a) Any lien for installments of taxes and special assessments, that installments will become payable upon the secured roll after the time of the sale.

Once the issues are solved (i.e. permits are issued, debts are paid off, etc.) the lien goes away.If you do your due diligence, hire a General Inspector and a Roofing Inspector so that they can give you THEIR assessment of what's going on. 

They're definitely expensive... you just have to look and assess what you are using it for, and if you can get returns that will make the rate worth it. 

Based on your assessment of the spread, if it makes sense, then jump in and make an offer but try to push the settlement date back as far as possible to give you enough time to come up with a detailed execution plan for turning the property back into market. 

What other parameters do you use to assess the worthiness of a deal?