Asking for your expert opinion.

I can't be offended because you rarely make any sense, but are entitled to your opinion.

I am playing with a lot of ideas and would love to hear as many opinions as possible.

A week later, the owner returned my call and expressed interest in selling.

The 3rd thing that has reshaped my entire opinion of the tax advantages of real estate, is seeing my 88 grandfather holding five quite valuable illiquid properties, long story short it’s a mess, it’s causing family drama, he is in zero shape physically or mentally to manage them, the all have cap-ex needs, again these were amazing buy’s literally multiple properties he bought for under 50k that are now worth over a million but there is probably a time and a place for owning real estate, so I don’t really have a need to own more than maybe a few properties into retirement.

HI @Zachary Sakena putting property into LLC in my opinion depends on that strategy you are looking to implement for next property and if you want to leverage property moving out of into LLC.  

If they really are, you should ask for copies of city permits and proof passed inspection.Fitzgerald-Marygrove Neighborhood average property value is only $87,549, making it a Class C-Minus Neighborhood (in our opinion).

@Marc Shin We're funding cash out refis for a lot of our most experience BRRRR clients right around day 91 (to pass 90 days of title seasoning) where we get the process started (appraisal, title, application, etc) around day 60  (plus or minus) when they have the place fully renovated and at least listed for rent (we'll use appraisers opinion of market rent to calculate DSCR). 

So, my opinion is if you purchase in Longbeach, in a fringe area,the area will get better.

@Jinglei ShenThe insurance of $1,400 a year seems pretty high in my opinion.