Based on your post it kind of sounds like you want a beach/lake house but like the idea of it making money too.

@Ronald Rohde, sounds like you had a bad experience. 

Sounds like you've had some good appreciation on that first one and maybe it's helped offset some taxes on your W2 income? 

SB 9 sounds like a real game-changer for California investors.

The name makes it sound like someone that will discourage all purchases. 

Paola, it sounds like you've done a great job building equity in the property, and the renovations have definitely paid off!

Unless the seller has to be immediately out of the mortgage I see sub-to as an excellent cost reduction strategy. just reading between the lines.. but if the bank says they will take 91k for it sounds like the mortgage is in default so a sub to might not be possible.

Sounds like we may have a few things in common on that! 

It sounds like you are missing a conversation with the tenant to understand the situation.

there just really isn't 'cash flow' on LTRs anywhere right now. and i read your other post, and it sounds like your STRs are doing great.