But I would say I have the personality for it and we were in a good position to take advantage of it.  

  $900 seems to be the sweet spot right now and most of those cost 45-55K including fix-up.With all that said, I'm positive I spend money on the properties in ways that most landlords at these price points do not. 

You may end up needing to go through the whole foreclosure process which can take a lot of time and cost a lot of money, and you may end up getting the property back in much worse condition than when you sold it, potentially with a squatter in it and months of lost rent, and in a worst case scenario you will be in a much worse position than if you had just sold it outright. 

Mia - I've seen someone else post about this revision to the UC rent control measure but can't find anything on the city's website. 

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This seller feels like he has a good position to turn down people who need to finance.

However, as many will tell you on this website, know your market so you can be more critical when looking at the pro forma.

I've seen a lot of positive feedback about Northeast, though I have not spent any time there myself.

If the answer is no, be mindful this will create a more difficult sale when exiting the position down the road. 2.

Most primary residence lenders are not going to lend in second position for a purchase.