Technically the HOA foreclosure was invalid but that is a completely different issue as you never go off tax record to see who owns a property you go off of recorders office and depending on state have to list junior liens in the complaint. .Yes, when they foreclose I'll lose the house.

Despite losing an attack on this rule two years ago, the rent board is trying again to regulate everyone that invests their nesteggs to expand the housing supply. 

Like any market, there are risks and you need to have the right team in place prior to buying a property or you could lose money.

In most places a mortgage is going to be less than rent-otherwise landlords would lose money.

You also might want to consider using the general asset account (GAA) as a strategy to possibly continue depreciating the property before demolishing and rebuilding.Obviously, once you convert the investment property into a personal residence, you lose out on any further deductions from a P&L standpoint.Feel free to DM me if you have any further questions.

. - then they lose thousands:(Here's some useful food for thought (copy & paste):.Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

.* We could lose money on a project, or make twice our planned profit. * The amount of hours spent managing could vary, based on size of remodel and number of contractors involved (10 hours or 80 hours, paid the same).* The house could sit on-market a while, meaning the PM doesn't take a commission for 6-9 months on that project. 

Otherwise, it may be worth losing the security deposit if the house is in really bad condition. 

A HELOC will have a high interest rate - it's "expensive money" - and it will put a ton of pressure on your investment - you will be losing money every month unless it is an absolute home run.Yes, there are issues in California, but if you just buy a random property in a random state thousands of miles away... that is highly risky too. 

Win lose or draw... just be reasonable.