Perform a quick cost analysis on the eviction process to see just how much it will cost you, then offer cash to prevent the time/revenue lost.

I started buying non performing notes (2nds) because they were small enough I could buy them with cash.

I'm interested in properties needing light to moderate repairs, and we will self-perform using our contractor experience.

Point well taken… but there is more to consider.I agree that Excel is the ideal platform for analyzing and projecting income-property performance.

Every buyer (whatever that buyer's intention are as a home owner, landlord or whatever) performs his own due diligence and paying property taxes is part of that process.

I developed criteria that reduce the risk that the investment does not perform well.With that approach, I am about 2 more properties away from achieving my goal.

I did email the appraiser Saturday morning and explained my concern with a detailed list of work that was performed at the property, such as the new roof and all the upgrades.

CA prime spots are a long term buy and hold play.. as we know the CA market is subject to some swings in values some can be dramatic.. but over time the state has shown some of the best performance in the entire US... but if your one who worries about value on a daily basis then RE can drive you nuts... if you have a long term investing horizon then you buy and hold and if and when we hit a trough you hold through the trough.. you only lose money when you sell at poor times. 

That is great and you are stepping into a large amount of doors that are already performing!

I am not in this deal, but POL has many deals that at some point were non performing.