Without knowing more about plumbing and electrical, I wouldn't do anything about it, unless you've got a Federal Pacific Electrical box or something dangerous.

Rancho Bernardo and Pacific Beach areas.

I work East Coast hours from 5:30am - 2:30pm Pacific, which leaves the afternoon and some evenings for me to pursue my real estate endeavors.I will be purchasing my first investment property in 2018, with a stretch goal of purchasing 3 properties this year.

I'm moving to the greater Monterey, CA area in 2 months -- Pacific Grove to be exact.  

Hi,I am new member from the Pacific NW, looking for the first single family house purchase out of state.I have contacted a few turnkey providers in TX/TN/FL, and looking through the stock it appears that most of the houses are originally built a while back (in sixties/seventies).I could image the property would have positive cash flow for like 5-10, or even 15 years, but then at some point the repair costs would increase to the point when it would need another major rehab.This concerns me because I am planning to buy as a long-term investment with a conventional 30 years mortgage (20% down) and use the positive cash flow to pay off the principal faster (15-20 years) with the goal of using the rent to compliment the retirement after the house is paid in full.

Jeremy Halpin at Sierra Pacific Mortgage has helped me in the past.

That isn't to say they can't make great investments, but they are certainly harder to make pencil out.With that said, there's an event this Saturday in Pacific Beach that I think you may find value in attending.

5:00 Pacific time, so 6:00 Mountain, 7:00 Central, 8:00 Eastern.

November 9 at 5:00 PM Pacific, 8:00 PM Eastern.

Haven't messed with residential in awhile.I do know the asset managers holding the first wanted to know what the second was willing to accept and wanted something in writing approving a payoff amount.The first lien asset manager didn't want to work the file until the second agreed to a pacific amount for the payoff.Maybe I missed in your post but what did the first accept as a payoff amount??