These properties will have very few or no upgraded amenities, and rents will be below market.

However, you must take care of the reason why it's happening.  9 times out of 10, it's a leaky pipe behind the wall or a humidity issue.

A great example is in 2023 something like 70% of agents did 5 deals or less.

Here’s a deeper look:Legal Framework: The state likely took control due to unpaid MassHealth bills, which means there may be liens or claims on the property.

At that time we could renovate the ground floor apartment and potentially turn it into (2) apartments for a total of (5).My questions come down to how do we deal with the existing 40k mortgage, whether we can make it work so her parents aren't paying much in rent, if anything at all, and whether or not we set up any legal entity, like a trust to help the legal situation of paying off her sister down the road. 

**Non-Disclosure Agreement (NDA)**: This can be useful to protect sensitive information about the deal or the parties involved, especially if you are working with multiple investors.

However, Montgomery County as of yet has not updated their forms or website, included the landlord/tenant handbook and they are still not enforcing.

Always introduce yourself as ..John or maybe Reagan is better....Maybe like hi I'm Reagan like the President, your friendly neighborhood realtor....that's how they will remember you and you want them to remember you. 

Cash Payment: Decide whether you'll finance the purchase or pay in full.Future Resale Value: Factor in potential appreciation of the property.2.

Hey BiggerPockets Community,If you're a real estate investor or developer eyeing opportunities in Los Angeles, SB-9 (the California HOME Act) could be a game-changer for your strategy.