We are also currently bringing our owned 22 year property up to par to rent, as our current fixed rate mortgage payments are quite low compared to the going rent in our area.

Property will come with a tax deed (sub-par to general warranty), so make sure you get a lawyer to fix that via quiet title.

See this link...https://sf.gov/information/par...To quote,"A single-family dwelling with a legal in-law unit constitutes a two-unit building and is not exempt from the Ordinance.

I have seen REO properties in these areas for as little as $16,000 but, the repairs needed to bring the property up to par to either hold the property for cash flow or sale is extensive.

I mostly stick with buy and hold which is a much easier (and lucrative) business.If you really want/need to stick with the flipping model, make sure your skills are up to par to tackle things that a casual flipper can't handle.

I will check it out - very curious to see how the comps par to our har website

Wholesaling may be more difficult since cash is needed to bring the property up to par to sell. ( unless I am wrong).

Of course, when it rains, it quite often pours and another great deal has come up but I’m now short on cash to make it happen.I currently have a size able amount in my employers 401(k) plan that has recently gone from great options to sub-par. To

A few times we realized that the property wasn't up to par to warrant "market" rates, current tenants were too stable (30+ years) and we didn't want to risk the downtime + renovations, or sometimes just made minor increases for incumbent tenants. 

I really appreciate it all, the only reason I did a lease purchasing is because I was tired of wasting money for rent and my credit is not up yo par to purcgase so this was my only option at the time.