Heck after this I have a rental 275 below market that I plan on raising the rent on.Been crunching the numbers lately and realized that instead of buying another house I could put the effort into charging market rates at two of my rentals and make the same cash flow as if I had bought another house.

As far as renovating goes, I agree, I would need to crunch the numbers on the ROI.

They are crunching numbers, and numbers know no borders :)  There is very little to know that is different from state to state.

A grid-tie system is pretty much a hands off low maintence kinda thing.It all comes down to number crunching.

@Jared Bendetta, I agree with @Aaron Montague regarding this one being an excellent fact finding and number crunching exercise.

I think that she is in a time crunch but that is no reason to repeatedly call me.

Thanks - I understand that a cash-out refinance would  give me up to 80% of the appraised value.I would take some of that 80% to put down on another property but would need to take out a mortgage on the new property essentially meaning I would have 2 mortgages.The problem I see is that once I am approved for the cash-out refinance I would have to find another property quickly to avoid paying back money I have not used for anything.If anyone has been successful in a similar situation I would love to hear how it was handled.Still crunching numbers.

@Ryan S. crunching a few numbers quickly, my personal max offer on this would be about $185k.

I would really value the opportunity to meet with real estate investors to get a first person perspective on the Southern California real estate market as well discuss investing strategies, if possible, perhaps I could use my financial background to assist in crunching numbers or interrogate data.

Sounds like you have a good plan, as long as you trust your friend/partner just make sure you “crunched the nimbers” and all looks good there.