What your deal would ultimately entail is a buyer who trusts you enough to give you $125k and trust you to pay it back while his property is encumbered by both your seller finance note and your original mortgage for $125k.

Ultimately I found that to be pretty disrespectful of my time.

Ultimately, he was making $2,100+ a month per unit!

Upgrading FloorsReplacing old carpets with hardwood, luxury vinyl plank (LVP), or tile flooring adds a modern touch and boosts ARV.

I remember a buddy who once represented a client in the Santa Cruz Mountains.. this client turned an old barn into a shared art studio and invited local artists to rent the space, which ended up boosting inccome in ways they never imagined.The Redwood market can be tricky because of environmental restrictions, zoning quirks, and limited inventory.

Hey @Jay Fayz you for sure have the right idea, and if ultimately flipping and wholesaling is what you want to do, then that's a great path. 

Sounds like I can safely write them off only after I purchase the rental and start the renovations to ultimately rent it out.

Ultimately, I know we have to pay.

Small upgrades or re-leasing to market rents could boost your cash flow and provide additional funds for your San Diego purchase.If you'd like, I can connect you with a lender or help you explore potential properties in your preferred areas to see what’s realistic within your budget.

Ultimately, we worked very hard to help you.