The necessity part, in my view, is simply a place of safety to fall back to when thing do not go as planned.

This means you need to be patient and selective.

And that tenant was getting coached by someone how to drag it out as long as possible.Finally, California real estate has historically rewarded the patient with price appreciation.

Or do I simply have to be patient, since they are very few compared to home foreclosures?

It is always good for those getting started to hear that if yo are patient and develop a plan, you can create an income for yourself and take control of your future.Good stuff - Chris

In the 40's, it was WWII where the men and women came together to fight for our safety against Japan and the tyranny going on in Europe.

If the original wasn't permitted but now you plan to permit, the inspector may require you to expose all the rough electrical, plumbing and HVAC in that room to verify safety and that there are no code violations.

I would imagine not as they are different lock sets replaced over time.2.In the lease there are no pets listed but many tenants have pets.The tenants said they would pay a fee to keep the pets.So Instead of a security deposit I was thinking of a one time "pet acceptance fee".This way instead of a security deposit having to be escrowed in a separate account the money can be spent right away to increase cash flow.3.I was thinking to prevent toilet clogs the tenants should put those child safety toilet hinges on top of the lid so they toys etc. do not get stuck in the pipe.4.One of my tenants cars is sitting in the parking lot without a tag and a flat tire and the tenant says they don't have money to fix.Do I get that hauled away??

Time rewards the patient.

Be patient, and keenly observant of your farm market.