This deal aligned perfectly with my strategy to build equity and cash flow while leveraging hard money financing and refinance opportunities.

San Antonio is hot in the summer.I will compare my return on San Diego purchases against any market, but if you plan to buy rent ready, I think many markets will beat San Diego in the short term.  10 years or more out, I suspect few markets will beat San Diego.  

Quote from @Robyn Henderson: My family's 3 unit prewar building in Brooklyn recently had plumbing issues and I'm debating renovating each of the bathrooms.

I also work with a team that helps cash buyers execute the BRRRR strategy or build rental portfolios, making it as seamless as possible for out-of-state investors.Best of luck, and let me know if you have any specific questions!

You want to build a relationship.  

In my 30 years doing this I’ve found that as long as you address each issue that comes up properly and do the repair needed to bring that part of the building up to current code then you will be fine.

I look at foreclosures.comOut of the 3 stages I am definitely not ready for an auctionpreclosure / short sales:- I need to research how to take over a deed / title- need to prepare how to do door knocking (I have a sales background and feel confident in dealing with an emotional conversation about someone’s home) - there IS a window of like 4 weeks that I need to prepare for (have my finances in order) to then bid before it goes to auction?

I have refinanced (rarely mind you as there are costs that take years to recoup on a refi) and am happy to see equity build as the mortgage shrinks.

You need to simplify, not add more debt.Focus on education and building reserves.

Here are some of its vitals:- Zestimate: $345K (I know this is typically 10% or so high)- Last Sold: 8/2021 for $281K- Roughly 1400 sqft- Some cosmetic work needed- $25K left on solar loan- The home was build in 2004 and it looks like it has the original AC unit, so I am assuming that needs to be replaced too. - 2 story house with very small rooms and and 2 steps down, imminently as you enter the front door.- Gated community and in a reasonable HOA. - The home is 2 payments behind and already got a letter from the lender about future foreclose.