If its gone bad or stolen in one area I bet it might not be much longer for other to have it so better to have asphalts 

@Jennifer Lee@Ned Carey It's my fear he's going to screw up the relationship (he has a poor reputation with contractors).

hi karl. sounds like you actually have a good start here in this business. bill is partly right. of all the answers here, i think he has some good advice. that being said, you need the think outside of the box here. you said you will have $80k into the place if you fix it up to basic standards, and it would be worth $150k. ok, those numbers are great. but here is an idea you don't seem to be considering. you own the house free and clear. no mortgage to anyone. you and your buddy want cash out of the deal. then your only option right now that really makes sense is to finish the place to basic standards, go refinance the place for what the bank will lend you, split that money and then rent the place out to make the payments. you get the benefit of getting all your money back, plus a few buck on the side i would bet, and when you rent it out, the tenant is making your payments. whats wrong with that idea???

My best bet might be to wait until the court sent me a letter to comply with her.

Definitely set up an entity to hold your assets, but your best bet will be to avoid litigation unless at least $100,000 is at risk.  

If you can't find it then a skip trace is your next bet. 

., its a good chance you can consider them to be a portfolio lender.Your best bet is to call the bank and ask!

I'm also going to recommend Rich Dad/Poor Dad by R.

Are rentometer and craigslist a poor way to judge average rents?

I wouldn't bet o 100% financing right now but I do think you're in a good part of Cali to start out.Best of Luck!