Hi @Mariele Storm, I realize the word "condemned" seems affordable, and I definitely understand that the word condemned implies that a property 'isn't gettin' any love' and so it seems like it would be easy to step into and just repair and move forward with the future.

The value of money gets reduced by inflation which implies the actual payoff is a little more than 6 years.I find that because we are in a high appreciation market I seem to regularly refinance. 

(& if you think that quitclaim "uninsured transaction" thing above, implying that you should get title insurance to quitclaim, seems like some mafia "insurance protection money" kind of thing going on, honestly I'm not going to disagree with you and would LOVE for an escrow and title insurance rep in California to read this and reach out to me with a better option moving forward now that this is apparently a thing.

.# 30: Conservative investing - I need to invest aggressively, but this guy makes a great point about identifying risk thresholds, which implies you need to put some work into quantifying your risk with metrics 

I am not implying you did that but even asking questions takes time to answer, which is valuable.

Just because a seller/agent/wholesaler implies it is a good cash flow, doesn't mean it is. 

I find it interesting that you list looking out for #1 as a negative, however then imply that people should be looking out for the general welfare of the community.

Starting to use the calculators and crunching numbers, but have come across a listing that had this in the description:"Property Sold As-Is with no warranties expressed or implied.

Skip trace the owner you find from tax assessor and talk directly to seller, would you be willing to rent question again....The wholesaling lease optoin trainers offer big picture education on how to market to and talk to creative deal type sellers (and rent to own buyers).   

Given the per-unit gross rent is $480 (taken from the original post above), that seems... unlikely, and implies the list price is artificially high.If we assume a 10% actual margin on gross rents (an arbitrary figure, but it's a starting point), that gives us $48 per unit per month in NOI.