to me its almost like a scenario when you check your bank account and there is 1 mil in there that should not be there.. you hurry and make a withdrawl  the bank says hey you got to send it back and you say sorry.. something like that.Got a good one for you, Jay... bank error resulted in two duplicate wires being sent to the same seller.

Thanks for sharing the data and links – I've been thinking about this for years, and have adjusted how and where I buy as a result.

This creates two loan payments ($100,000 of equity and $300,000 on the new mortgage).Key NumbersHome Equity Loan Interest Rate: 6%Mortgage Interest Rate: 7%Rental Income: $3,000 per monthExpenses (management, taxes, insurance, maintenance): $800 per monthIncome and ExpensesMonthly Rental Income: $3,000Monthly Expenses: $800Monthly Mortgage Payment: $2,000ExplanationThe investor earns $3,000 in rent each month.They pay $2,000 on the investment property mortgage and $800 on other expenses.This leaves $200 profit each month or $2,400 per year.However, you have to pay $6,000 interest on the equity borrowed.This leaves you with an annual loss of $3,600.While the rental property generates positive monthly income, the interest cost of borrowing the initial $100,000 results in an overall annual loss.

One portfolio gives me cash flow and debt pay down, while the other produces appreciation in addition to the other benefits.  

A bit surprisingly it has resulted in jurisdictions contemplating it, but the only San Diego jurisdiction that I have heard so much as discuss it is spring valley.  

Open to insights from anyone with experience in the area – looking forward to building valuable connections here and achieving great results together.Thanks in advance to all who can help!

I have put all that money in VOO over the past 3 years and the results have been great but there is risk.I think this is all about risk tolerance. 

Quote from @Kerry Noble Jr: Preforeclosures are best called or door knocked.Tax delinquent or code voiolationsPreforeclosures, Tax delinquent, code voiolations, probates/inheretence, quit claim deeds, water shut off are the best lists.Understand it is a volume game. sending out 500 mailers probably won't yield any results.

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.PM us if you’d like to discuss this logical approach in greater detail!

Since the tenant has a rental agreement nobody else has authority to give anyone else rights to occupy the property pending the result of the eviction.