Even the one that I was just the highest bidder on was a little more than what I wanted to pay by about $5000 but if it turns out to be a minimal cost rehab cost then it will be a great deal.

Also, maybe taking advantage of Fannie's Homepath is a great way to get into an investment property with minimal down in OC?

But if you were in my area, I would buy at 9+ cap, assuming only minimal cosmetic repairs (rent ready), and it is not in in a bad area. 

It won't cover my bill but it will def help me - at a minimal charge to the tenants.  

We currently have policies for each place, which have minimal interior coverage, and 100k of liability per policy.

Even though my active participation is minimal throughout the year, because I have the final say on the major management decisions, my participation is still active and still qualifies for the net passive loss allowance.I would also amend your comment concerning the principal component of debt service.

Just give me a call at your convenience so I can obtain some minimal information to forward to the agent(s) in that area at the Keller William office.Thanks!

I'm starting the process with one of these and am looking for ways to minimize my out of pocket expenses.

Hopefully this provides a few helpful insights for landlords out there who may be interested in minimizing their liability exposures. 

Start small, either investing in tax liens and or cheap tax deeds so you take minimal risk and get the experience and the ball rolling.