New DIY mini split systemFor those contemplating a ductless mini split system, grab a few 6 packs and a couple friends....Residential Breezeâ„¢ | Friedrich Air Conditioning - Residential & Commercial Room AC UnitsApart from the inside facia install the reviews are good.

The building should be commanding a min. of $ $60k per year ARV.I am contemplating putting down the req. 25% cash down $112k and take a conv 30 yr fixed loan at appox. 4.5%I am considering as to not tie up the cash right now as I am in the middle of buying and selling 6 flip/rehabs to take a private money mortgage for 12 months. 

Seller further warrants that there is no material or other known defects or facts regarding this property, which would adversely affect the value of said property.ASSIGNABLE CONTRACT: BUYER MAY ASSIGN CONTRACT IF FINANCING CANNOT BE SECURED.NO JUDGMENTS:Seller warrants that there are no judgments threatening the equity in subject property, and that there is no bankruptcy pending or contemplated by any titleholder.

My personal take on this is a little different than the average person contemplating a retirement plan.

BAnks when they are dealing with OREO or other type assets will set a bulk value  IE cash out to bulk buyer... and a retail value  IE on the market for a certain amount of time to find that one buyer that wants to live in the home.If you contemplating buying in rental neighborhoods then the value should be looked a like a commercial property and backed into using cap rate or yield you want to achieve..

I was contemplating picking up a lot in Santa Clara county so have been looking at MLS daily.  

From my wifes point of view, it scares her to death that I am contemplating leaving the steady well paying paycheck with great benefits for a job with unsteady paychecks, no benefits, in an industry that has destroyed people in this past economic decline.

The estoppel being contemplated for use should have been given to the lender for review and approval BEFORE getting the tenants to sign one.

I'm even contemplating opening a small cleaning business to earn some of my own cash to invest in real estate!

I tend to think its kosher because the whole protective aspect behind the statute contemplates tenant down on their luck and need time to get something else going.