Purchase price: $250,000 Cash invested: $75,000 7 bedroom Padsplit property at 93% occupancy What made you interested in investing in this type of deal?

Over the years, I have build a list of distressed properties in my area of downtown Los Angeles, Glendale, Koreatown, and Silver Lake area. 

If you want to chat about best strategies to get that 2nd and 3rd property let me know!

The property is unused most of the year. 

Unfortunately, banks don't generally like to finance the rehab/construction of investment properties.

What kind of investment properties were you looking at?

I put my first property in Bend, OR with Avantstay and the number one thing I have to share is: they take very good care of the property. 

Also, be sure to notify your insurance company that while you are still living on the property, you also have tenants. 

These are done between the buyer (you) and Seller.The situation that is most common to find these properties are in a foreclosure proceeding, or pre-foreclosure. 

I am also active with Flips and own a few 4 plexes...Im a licensed NM Realtor would be happy to help set up a few searches, look at properties (Virtually as well), and tell you more about specific areas of town with the pro's and con's of each.