Lesson: don't do illegal things like rent out units that aren't up to code  - some people with paid off properties try to be cheap and do things like this or do under the table rent so they don't report rental income to the IRS.

We brought this up to the agents attention and quickly dismiss it saying the sellers won’t accept to create a hole on the attic, that the house is buy as it is (this was never in the terms to begin with) We offered to pay for the handy man to close the hole afterwards too & nothing. mind you, it’s not a cheap home, it’s not for closure home, seems to be in decent conditions.

I can tell you more stories of CA investors losing money on Class C properties OOS - there's a reason it's cheap.

Gray flooring like the Whitney sample are starting to look dated now and associated with cheap flips.

I figured this would create some possibility of buying dirt cheap land in heavily affected areas and maybe holding until people rebuild around it and being the value back up maybe??

Many of the tax professionals on this forum are not "cheap" but can make a good fee for fixing situations where investors relied on poor advice from cheap advisors.My conclusion is to interview a few and go with a professional that you feel comfortable with no only their fee, but also their personality, their experience, their reputation, and their willingness to not only advise you as you start your journey but provide education and planning for what type of investor you want to be. 

My clients buying properties learn from me as we go and also on my syndicated value add NNN deals.If they want my time and almost 20 years experience I am not giving that away on the cheap it comes at a high premium as TIME is such a limited resource whereas money to be made is almost infinite. 

Takes stress off your back and fewer things to worry about.Offer to sell the POH to the tenants for cheap so that way you make money from the sell.

The main reason we don't have multi-family properties is because land is so cheap.   

First, don’t fall for the “cheap” packaged foods or “cheap” meals at fast food places.