As someone who is looking at buying their first property very soon.... these moments are the ones I look to for information on the processes and outcomes.What did you have to have prepared when you approached the Landlord Board?

I can sell it to him out-right and he can mortgage with 20% down but with my [limited] understanding of lease options I thought I might be able to approach him saying he could buy the option with 10% down and work out the other terms.As Brendon mentioned, it sounds like it might just be more hassle than it's worth and I don't want to put him off trying to force the L/O. 

Cashflow=Rent-PI-Taxes-Insurance)Of course Brandon's approach brings more peace of mind, and make more financial sense, but I would like to hear some different perspectives on how everyone out there is calculating (and taking decisions) around these ...

I have seen in the forums that different people approach Medical collections in a credit report differently.  

Love the approach, Rob.

In a private lender world(I mean less formal, less of a business type approach more of a guy/gal with lots of cash) If you could land a deal to get the $55,000 to buy and rehab, what would be a reasonable return/terms for the private lender to do this deal?

The biggest downside for me is not having MLS access to gain a faster understanding of the market (fully examining sales in neighborhoods, quickly comping properties when they become available, etc).Based on both approaches, I'm biased toward having the license but also knowing when it's best to utilize an agent to achieve your goals.

I would say approach this no differently than you would in hiring  any other contractor.

I think we are kind of saying the same thing which is that there is a huge variance in values under the umbrella of those city titles and that you should be careful which comps your using when approaching a flip opportunity in that area.As Trevor stated, the subject property is North of the Freeway... and therefore probably should stick to the reseda comparables to not get an unrealistic ARV...Now off to get that SFV 818 forehead tattoo so I can reclaim my valley boy status 

I've took zero classes, but been approached by new investors that have spent thousands on stuff like fortune builders and so on needing desperate help.