You decide on a selling price, the attorney orders a title report and puts together the paperwork (it will cost a couple of thousand dollars) and once the paperwork is done and filed, you own the house and you make the mortgage payment to the seller.

And if it's 10% or more it's a 60 day notice.To learn about the potential impacts rent control could have on Sacramento is the initiative to repeal the Costa-Hawkins act passes on the state ballot this November, read this article I wrote here on BiggerPockets:https://www.biggerpockets.com/forums/621/topics/585796-sacramento-rent-control-101-everything-you-need-to-know

There are villas but nice villas cost a lot of money and most likely don't need renovation.Flipping in Mexico would make sense in colonial cities.

They’re trying to overturn costa-Hawkins, which will allow local governments to put SFH’s and condos under rent control. 

I personally average out the repairs I would expect over the year based on how old items are within the house and understand that I cant anticipate what month each item might break down, so it would be foolish to take a single months expected repair cost as cashflow, when a repair could come up in november for 900 (I had a HVAC compressor need to be replaced) when I budgeted 1000 for annual repair costs.

KW might not offer "guru advice" but you're also paying a fraction of the cost.  As

I rushed into one thinking I couldn't wait and then I ultimately bailed on it and lost some deal cost.  A

I did a new build that cost a significant amount and my deposit due at signing was only $8k.

The only large repair I had to do on one of the turnkeys was due to me not being thorough with my property inspector and making sure he checked all the major appliances and I ended up having to replace a heating unit which cost a decent penny.

I was approved for an FHA not too long ago but for only a certain amount which was $100,000 but the multifamily properties that I'm interested in cost a little more and since I would be making more money that would put me where I need to be.