I’d be happy moving forward if they are willing to take that $10K off, and be back at my original offer price.

There are always improvements taking place.

I know that my current cash flow is a result of the unit being my primary residence first, and that not all units will cash flow like this, but can't help the feeling that I should be expanding my rental portfolio over the years.

In 2020, it came to a near complete stop.Banks go through the foreclosure process typically taking 4-8 months.

He will however be the first to counsel others to avoid anyone found to be unscrupulous after ALL of the facts come out and that usually takes time. 

For reasons I don't yet understand, if the property is sold I cannot take advantage of a 1031 Exchange and my gains will be taxed as income, which will be 35% federal and 11.3% CA income tax. 

There are several myths that we have to debunk before someone truly believes they can do it.You need millions of dollars to do a dealThat it’s too complicated to figure outThat permitting takes yearsIn those communities developments cost way less (think a couple hundred thousand along with a loan from a regional bank), permitting is not difficult (much less red tape), and the towns are small enough that both the city staff and the local architects and engineers and contractors all work with you to help you navigate the process since you’re all invested in making your community better.Note: The big boys can play in the primary & secondary markets.

If the IRA owns the property outright that is all moot.

Man, I love seeing people take action like this!

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.