Northeast of Los Angeles.My investment career wasn’t looking so hot.However, rattled as I was, I was an avid fan/reader of Warren Buffett (still am as a matter of fact).I was confident that times of panic were the best times to look for golden opportunities.Ok, I was fairly confident.If I would’ve been REALLY confident, I would have bought up everything I could get my hands on.Instead, I stayed the course and stood by my plan.I kept contributing to my IRA and 401k, and began looking for another property to purchase with the intent of living in it while stationed in the area and renting it out when I moved.Now, looking back, I realize that I made another rookie mistake.When searching for the property, I did not educate myself and become an expert in my new market.Granted, it’s a little more difficult for military members to accomplish this as we only get about 8 – 10 days to find a place to live.However, I could have started the process from Ohio.Anyways, for those that know the area, I found a foreclosure in a great neighborhood west of highway-14 in Lancaster, CA about 40 minutes for base.The previous owners had purchased the property at the peak of the market for ~$450k.It was now being listed at $195k.If I were in their shoes, I think I would have taken the hit too and walked.Well, probably not due to my security clearance, but I digress.

I am confident I can get at MINIMUM $650 for the side that I'm not occupying, perhaps even more if I were to rent out the two car garage. 

Although I am confident I do not have much experience and do not want to blow the deal.

As of now, I have very little money to put down too, but given its a good investment I think I'm confident I could get the money. 

I'm confident I can find graduate student / classmates to rent out my unit if it's priced with the market and close enough to a bus line.  

I faced this same decision twice in the past 6 months, kept both and did the BRRRR with them.  3 main reasons I did this 1) I want to build cash flow and both were in good locations 2) I don't have a consistent enough deal flow to feel confident I can put the money right back to work 3) I didn't need the money from the sales to fund the next deal.I regret having sold every piece of real estate I've ever sold (past primary homes).

I've done some research and talked to a property management company and I'm confident I can be cash positive right away.

Your client is requesting to be CC'd on all communications (Client wants his email address in confidential notes to be CC'd for fast response to any offers/counters) .

Get an LOI non-binding signed with a confidentiality clause where you can get a first look (initial review period) over the sellers property documents.

I'm very confident I could make it happen with a cash out refinance.