If the property sustains uninsured damage, the buyer may lose incentive to pay, ask you to accept less money, or even abandon the property, again leading to foreclosure.

. === here's the Calif Form, observe, it's a Proof of Service, not a Notarization === Proof Of Service I, the undersigned declare under penalty of perjury, that I served this Notice to Pay Rent or Quit, of which this is a true copy, on the above-mentioned Tenant in Possession in the manner(s) indicated below; [ ] On ____________________, 19____, I handed the Notice to the tenant. [ ] I handed the Notice to a person of suitable age and discretion at the tenant’s residence/business on ____________________, 19____. [ ] I posted the Notice in a conspicuous place at the tenant’s residence on __________________________, 19____, [ ] I sent by certified mail a true copy of the Notice to the tenant at this place of residence on ____________________, 19____, Executed ____________________, at _______________ By ____________________________________________

@Steven Duck  what you describe the most likely way you would get started is simply with private money IE mom and dad aunt and uncle  good friend from child hood etc.seasoned investors would be a pretty tough go for some one with no capital and no experience.Suggestions:Now I know Minden is a small market but Reno is not... get a RE license go to work for a commercial broker ( part time if you can) and learn the business the right way.. by being around seasoned pro's who actually do deals.. on line training is hit and miss at best.. you have your rah rah buys like posted above who sell information... and you have your very experienced professionals Like @Don Konipol who give you a reality check. if you want into the business get in the business in a professional manner  sell some of these earn commissions learn as you go along then once you have put in some apprenticeship and have some experience to back up your desires you will find it much easier..

I plan on doing many homes in this area and I'm looking for my one go to guy who can rehab them for me in a quick and economical manner.

I simple say I am not set up for section 8 sorry.I act in a professional manner when talking to all clients .Having some one that is not trained talk to potential clients is unwise in so many ways .This is serous business I clearly spell it out in my paper work that we do not discriminate in any manner, the go into detail of what that means .

My advice would be to take a look at the economic fundamentals driving your market, do they point towards sustained growth?

QUESTION 2: If so, why and what are the startup and sustaining fees for this?

@Bob EbaughIf your friend is in need of cashing out the loan early, perhaps he would be willing to split in some manner the costs of the refinance in order to create the liquidity he needs?

Thank God for Zillow who at least gets stuff listed in a timely manner.

If the units are non-smoking and you have to clean the units in a manner to remove smoking odors and stains, then by all means keep the deposit.