I did some calculations as an example.Interest $6000 = $1800 returnDepreciation (note 1) $4800 = $1440 returnRent cash flow = $1920.for a total of $5160/yearThis looks like enough to keep you from bleeding if it's going to be a rental.Note 1: If you depreciate, you will have to pay this back if you sell the property later on.

Glad you got 3 for 3 right though with being a Lakers and Chargers fan as well as bleed blue.

Here's my plan:- email all the agents and tell them my criteria, might get lucky here- scour craigslist and mls and make offers until my fingers bleed- don't know any reliable wholesalers but I want to add this to my deal sourcingAny other ideas?

All it takes with MOST laminate is for the laminate to be wet mopped and you forever see the raised/swelled joints.

My only suggestion is finding something on the bleeding edge of the developing area and hope the gentrifcation swings your way or become a community activist and make it swing your way.

Actually, I think the rentals were probably bleeding me dry to.

On my first flip I underestimated both time and cost and it felt like I was bleeding money for a long time.

That would at least stop the bleeding.

(Not everyone qualifies for the 401k)There's much misconception regarding the role of custodians and administrators, as well as the extent to which they should be relied on for advisory services - if at all.There are many excellent companies, but as the number of custodians/administrators has swelled it has become increasingly difficult to navigate the space.

If my ultimate buyer's goal is to own a salon with units (arghh) then thel opportunity could be to buy at big discount, stop the contractor bleeding, re-sell the property subject to the existing first and wrap it with a second after getting either a big down payment or other major skin-in-the-game consideration from the ultimate buyer.