Ironically the sports metaphor fits.

Perhaps they are gambling on the fact that many towns in the area have eventually done away with rent-control or have allowed renovation programs so rents could be raised?  

See how many similar places are up for rent which is your competition and the current rents.2) Get the inspection report and do an oil tank sweep and get (3) General Contractors to give you written bids once you write your own clear scope of work for them.3) Then crunch your numbers and your conservative timeline to complete to see if the deal will work based on the Bigger Pocket rulesAnything less; you are gambling and hoping and praying this deal may work and since this Iis your first deal it doesn't usually turn out good.

If they can get a much higher return then the 9% and the investment is smaller then they might take a gamble with the money but it doesn't affect their overall liquidity as a small percentage of their worth.If you want premium lending rates you might have to approach friends and family.How much money are you trying to get per investor??

However, these almost always require some rehab and turnaround efforts, which seem a bit of a stretch for beginners.Properties that are humming along well already are NOT bargain priced, sporting single digit cap rates typically, and that kind of return doesn't excite me too much.Please describe a typical deal that you are seeing that would work.

Develop a fun park with fast go karts, waterpark, etc. in Shasta CountyAn extreme sports venue (Freestyle and Motocross track, BMX, Skateboards, waterpark, etc) with RV Park and small hotel in Shasta County.  

same with the rest of the sport venues..

They told me because the laws are that once I'm married the other person is entitled to what I have and that if my spouse for example had a gambling problem I'm responsible for that debt too unless I had in place in South Africa what is equal to a prenup over there. 

@Bryan Gamble I am working on my own website now.  

Below is the post from 101 Surf Sports in San Rafael, where we call home.This past Sunday March 8th the San Rafael Canal saw over 50 paddlers take to the water in an effort to clean up this jewel of a water way.