@Pat QuarantoTo sell a property, assess its value, negotiate a fair price, and secure a legal deal.

With tremendous equity, positive cash flow, security against the property, and a pre-signed quit claim deed, a PML answering the call to action on this one could receive good short-term gains!

Once the land is entitled to build you can secure financing to purchase the land & start construction at the same time.

All wholesaling is is securing a good deal and signing it over to someone else and they pay you for it.

What happens to original security deposit from original 12mo lease?

Question from the other side, appreciate your help:House owner was trying to sell his house but didn't get good offers so he rented it out to me, we signed a lease and I gave him the security deposit.Later before move-in, the owner said the house was in a contingent sale which the owner cancelled but the buyer didn't and the buyer fulfilled his conditions and he wants to move forward with the saleWhat are my options as a tenant, move in date not reached yet and owner saying sorry go find another place to rent?

Make sure to get an official term sheet and so not fall for the bait and switch.

Year 1 cash flow matters (don't buy a cash vacuum), but price appreciation and rent appreciation is how you get real economic security and build wealth.

Short term rentals can be lucrative but come with higher variability and management needs.My Take:It might be beneficial to consider a mixed approach—drop the rent slightly under market value to secure a tenant and stabilize your cash flow, while simultaneously exploring the short term rental market.

Nothing herein is legal advice.Effective July 1, 2024, California Civil Code section 1950.5 generally prohibits a landlord from collecting more than one month’s rent as security deposit, whether the rental is furnished or not.