My Russian connection here hahahCap Rates are a measure of market appetite.

@Gil GanzCorruption, judges do what they want, long foreclosure timelines, borrower friendly and excessive costs.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

The excess of tax deed purchase cost over the net realizable FMV of the land2.

We had to foreclose and evict, and we got the property back several months later, now excessively damaged. 

It's usually good practice to be overly conservative and to retain excess capital for repairs etc, so I wouldn't go out and spend all of your cash at once.

Account Closed - it seems that you have an excessive amount of moisture in the basement... both the buckling wood floor (I assume wood flooring installed over a sleeper system) and the epoxy floor bubbling are indicative of high moisture.  

After you do get it to the foreclosure sale, you're only entitled to what you're owed, not any excess.  

It's a large site and will feed an appetite for learning for many years.What type of investing are you interested in learning about?

If it needs 2 coats, that's excessive and you can charge.