If you have a good FICO, a decent down payment and closing costs, go ahead an do the first one. 

I'd like to know because if they select them as they are entered into their database, right after filing, then there is another good reason to always extend and file on the last day.

This means leaving the door open that long to dry.

As long as the wholesaler is direct with the seller and the deal is real, go for it.

I'd been looking for a long time and nothing close to what we wanted.

Good question.

Cash flow is crucial, especially if you depend on it for your monthly income.Selling the property for $170k, which is above its market value of $120k, might seem like a good deal initially.

Instead of losing 55k they will probably only end up losing $25,000 - $30,000Long term its not a great cash flow property but with some renovations and addition of a parking slab I think long term appreciation is the big goal here.

It was held by the previous owner for a very long time, so I wouldn't be surprised if some basic facts about the house are incorrect.

I am seeing a trend in CA that ADU construction is more cost effective (per unit) than buying on the market by a long shot.