Tons of value in learning property maintenance and tenant management.

I kept the rent low because the tenant was there for a long time. 

- My first thought is offering cash, but the home owner would most likely just let it go to foreclosure because of how low the offer would be. - My second thought is offering some cash and taking over the loan - there are no liens on the property yet.

Look for a location with low crime, then look for the neighborhoods with the best schools.

The building has some deferred maintenance that I have been dealing with.

The overhead to start a company is low, but the cost to scale is high. 

The price is about as low as you can go in Southern California.

So, make sure YOU understand the copy & paste info below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

If he must attempt to get the low interest rates of 2021 on this deal, I suggest that he instead look for assumable loans.

These range low 500s to the mid 600s.