Every time we hire a new underwriter I have to have a big fight with them about this, heh.)

4) When hiring a new PM how of often do you negotiate the contract?

Before you put your money down, hire an architect such as myself to do a feasibility study.

Posting and publishing companies do the official notices and these are hired out by the trustee or attorneys handling the foreclosure.Cash for keys are typically handled by the real estate agents hired by the asset management companies for the bank.

You must be hiring a PM for the property, correct?  

In total the house needs around $30,000 in updates and that price is me doing it myself not hiring out the work which if I did it would be closer to $50k or more but I plan to do it over the next two years when I can and profit as much as I can.

Hiring someone for sure, fingers crossed it will turn out well. 

I'm not familiar enough with CA tenant laws, but this might at least point you in the right direction.Option 1) Hire your own plumber and deduct the amount from your rent.

Personally, I always hire a professional inspector, so that I have an objective report I can show the buyer.  

That is legal in every state.there is one state if you do more than like 3 transactions in a year in addition to owning the asset you need a license or hire an agent.. and that is Wisconsin..