The wrong property management approach will lead to the dreaded three:1) high drama,2) high turnover,3) high property damage.Use Household-led Property Management (HPM) developed and perfected for co-living.5.

The house includes high-end upgrades such as custom cabinetry, granite countertops and energy efficient appliances.

High earners should also consider estate planning tools like trusts or Family Limited Partnerships (FLPs) to minimize future tax burdens.Given his income level and tax complexity, consulting a real estate-focused CPA is essential to maximizing deductions and optimizing tax efficiency.This post does not create a CPA-Client relationship.

Primarily desert washes, but also near a creek....So I would go knock on doors and ask neighbors when it has flooded and what they think about the area......maybe call the County water board and ask then what has happened there in the past.

If the seller is insisting on a high price with not-so-hot financing terms, though, this may be a riskier project than it's worth.

I remember seeing it pop on and going "no way, that's priced ridiculously high."

@Robert Brock, I guess my advice is not really any different than I would say to someone wanting to be a residential wholesaler: you need to add value to the transaction.Often times, having the deal tied up is the value, but more often then not, in my limited experience with commercial wholesalers and residential, the wholesaler has no idea what someone will actually pay, so they tie up a deal at too high a price and then add their fee that turns a bad investment into a horrible investment. 

Would highly recommend @Keith Mintz for this case, he knows San Diego like the back of his hand. 

If you are a beginner, I highly recommend exhausting your conventional options.

They bought it and held it, come hell or high water.