Somebody is siphoning off your monthly rent and you need to control the situatuon quickly.

Appraisers only incentive is to low-ball and NEVER come in over the contract price (by definition of what they are doing and why), therefore it is useless process (unless the purchase price is way way out of control).Appraisers are just costing people money and cannot provide a more accurate valuation than within 20%.

With your lease, make sure you have an early termination clause, pest control, pet fees,  and the # and limitations, also I would recommend requiring renters insurance.     

@Patrick GerrityDefinitely use the inherited Ira as advised by @Dmitriy Fomichenko and @Brian Eastman to buy the property because you most likely can take as much out as you want per year you are in control and are required to take some$$$ based on your age and account amount. 

Less control = too many headaches. 

@Terry LaoIn Nevada, in addition to the benefit of no state tax and positive cashflows, Nevada state also do not have rent control and fast eviction process (less than 21 days to evict a tenant do not pay rent.)Many cities in California have rent control, very difficult to raise rent to market price. 

Although ideally you can control costs by paying materials directly, I’m not opposed to a small down payment (20-30%) for a larger job which translates to their materials and a setup usually. 

To control my time on the process, I usually post it on craigslist and don't meet people individually. 

It includes funding for three "coastal spines" to control flooding, new reservoirs, and buyouts of thousands of properties.

They all talk and there aren't tons if them.Examples of vaid reasons may include things like undisclosed or unobvious environmental issues,  title issues/delays, government agency delays, original document delays and things that are out if your control.