Make sure it includes a move out date.3) You'll need to 'be able to' speak to lender on the owner's behave. 

Cash flow is my main focus right now and I'm thinking if I tenant-proof the property and stick with section 8, where there is a multi-year waiting list just to get on the program and incentive to behave, it might be doable.In Long Beach for example, there are D+ and D-/F areas.

Are you sure you won't be having any expenses when you file claims?

Different lenders work FHA differently so keep looking around for someone that can do the deal2) I can be, have you gone to the local REIA and ask experts in your local market?

I will be having my first meeting with a GC  that I met yesterday at the city's building service department with great reviews and a very professional demeanor  and will see what he  tells me.

I do know San Diego is pretty strict against short term rentals so obviously look up what their regulations are.You mentioned a granny flat and splitting the house, so if you're going to be having some sort of shared walls it may be best to put that in your listing as I have seen some people get negative remarks by not mentioning that the house is shared with the owner or some other tenant.As well as lining up two to three excellent cleaning crews, the easiest way to ruin your profit is to start receiving negative reviews for cleanliness and or falsely advertising what your place really is.

Just a reminder that we'll be having a Syracuse, NY area investors' meetup tonight at 7 at Coleman's.

Hi all, If anyone is interested we will be having an REI meet up at the new Okinawa Rycom Mall (Aeyon near Camp Foster) tomorrow night (Sunday 5 Feb) @1830.  

Even at 35% you can still be having other people pay your mortgage and expenses and cash flowing a bit.

There just aren't that many duplexes, triplexes, and fourplexes in my home market and those that are here are sky high due to the rebounding oil industry in Midland, TX which makes this market behave like a boomtown.