I have started to find I can make some of the same returns in my market ( Greater Sacramento Area ) in rental properties as I can in the flipping market...

It was a tough situation and I definitely recommend, as others have said, getting legal advice for this sensitive situation.One thing I would highly recommend based on my experience from this happening is to try and check on your rental unit as soon as you can. In

I had an LNI inspector say to me, "Either you are the most naive person or a big fat liar."

Give a deadline for a reponnse.Let them know you are happy to answer questions OR do a non-renewal for the renovation if you can in your area.

Sure I did not do it alone (who can in this business), but I was the one completely calling the shots, no one to blame if it went wrong.Better go get a cup of coffee, this will be a long one.....Let me first preface this story saying I had been studying real estate for about 5 years, but never really pulled the trigger.

They devoured knowledge like a fat kid on cake.

-Get a thorough inspection -Keep to a strict budget-Do most the work yourself (I went through a four year Carpenter Apprenticeship program but you may already posses the skills if you've been helping your Dad for a while)Good luck to you.There's nothing like cashing that first big fat check after a successful flip!

A good thing to do in the beginning of wholesaling is to go to every house you can in your target area so you can see all the differences in the houses you're targeting.

These sound like retail, "I'm gonna get fat if you pay me these prices" pricing.

He never specified if he's buying these deals himself with his own cash and then reselling or flipping contracts. .He said he goes fat escrows which would allude to the idea that he's using his own money.