Having a $1000/m payment in CA is a golden opportunity IMO.Rehab it, rent is out and enjoy that 2k/m. thats some solid cash off of an inheritance...Cali RE will always be Cali RE. 

They had friends in town and enjoyed entertaining.

It's possible the deal is ok, but your enjoyment percentage, even for 18 months, isn't that great in a unit like that.

That leaves you with a good chunk of change to start the business and grow from that point with rental income/passive income coming in each month.If you have any specific questions and want to talk about Pinellas, Citrus or Hillsborough reach out I always enjoy talkng REI.

I enjoy how this thread devolved from "Education Expenses" into someone promoting tax fraud since "they'll never figure it out".But...occasionally they do.

I'm looking for long-term investment opportunities in growing market and am excited to build my portfolio.Outside of real estate, I enjoy surfing, live music, and traveling.Excited to learn and connect with you all!

I'm particularly passionate about the Houston areaOutside of real estate, I enjoy making money, hanging with my family, and traveling. 

This can use an FHA loan and you'd likely qualify and be able to enjoy a low down payment.

I'm particularly passionate about home flips and trying to acquire some rentalsOutside of real estate, I enjoy working out, construction, and spending time with familyExcited to learn and connect with you all!

I'm new to real estate investing .Outside of real estate, I enjoy the beach, gym, fishing and boating.Excited to learn and connect with you all!