Purchase price: $275,000 Cash invested: $275,000About this homeBeautiful 2 bedrooms 1 bathroom condo in the convenient location of Rowland Heights, close to bus stop, supermarket, schools, shopping centers etc. newer counter top in kitchen and bathroom. 2 parking spaces and storage room.

I'm looking to scale & use private lenders to expedite closing.

We pay Lightning Docs a $500 annual fee and $500 per loan, which we charge to our borrowers at closing.

That could come close to covering expenses.

Meaning that if you fund a $5K EMD and then decide not to close you lose the EMD, or you pay for an inspection up front and risk missing out on the deal while you're waiting for the report.

My plan for this year is improve my credit, get my real estate license (to increase my income on top of my W-2), possibly career transition into the property management space (to learn more), and save as much as possible and learn as much as I can.I’d love to house hack close to home but my area is so expensive it seems like it’d be close to impossible. 

If you close with a conventional loan, it will need to be in your personal name.

I suspect, in order to reach an ARV of $140k, the rent would need to be close to $1,500.

This specific deal was a close friend's apartment that he was renting.

After one or two weeks close the ad and take it all to the dump, where it probably belongs.