I remember a buddy who once represented a client in the Santa Cruz Mountains.. this client turned an old barn into a shared art studio and invited local artists to rent the space, which ended up boosting inccome in ways they never imagined.The Redwood market can be tricky because of environmental restrictions, zoning quirks, and limited inventory.

I think this discussion becomes a lot more nuanced on single family homes because they typically are situationlly turned into rentals like yours in nicer areas.

If there is a tenant in the property expect that they will likely leave within 6-12 months after you purchase so you can expect to do a rent turn and budget for that.

Purchase price: $8,000 Cash invested: $20,000 In 2013, I put my knowledge into action by purchasing a two-bedroom home for $8,000 as a home for my mother, though she wasn’t thrilled about it.

Unsolicited phone call offering to buy a condo I own 500 miles away in Texas panhandle.  Price is probably above market,  17k down finance 75k @ 3.8% 35 yr amortization.  3 year balloon.  Also offered cash at 30k less...

Whether you're a seasoned investor or just getting started, these tips will help you navigate the pre-foreclosure market with confidence and clarity.

Knowing you have someone to turn to for advice and validation can make navigating challenges feel less intimidating.5.

Quote from @Jacob Campbell: Hello - After listening to the podcast, I've made a commitment to purchase a rental property by the end of Q2 this year (ideally by the end of Q1).

Rene - I'd like to ask a syndicator how have they navigated a high interest rate environment the last two years?

And/or are you willing to take the risk of being sued by the seller for not performing on a legal contract (and losing your earnest money)?