Check out California Fair Plan.

That's the kind of talk you'll hear from every get-rich-quick guru on the planet, kind of like "7-Minute Abs" or Hydroxycut weight-loss pills.Just look at what he promises: you don't need to use your own money, you don't need to inspect the properties, you'll spend very little time on the deal, you aren't personally liable for the loans and debt, you'll work less and earn more...This can all be true if you know what you are doing.

$135k (plus the plumbing fix) is too much to spend in a $250k neighborhood no matter how cheap you get the house.

By carefully planning and leveraging your resources, you can maximize the potential of your inherited property and strategically use a HELOC to grow your real estate portfolio.

Better option is to use the search feature at the top right of this site and spend weeks reading about wholesaling.

We are planning on house hacking this property and investing in a new property in the near future.

@Sam Booth how much money are you looking to spend?

You should only consider switching when your current software has a significant flaw or lacks features that force you to spend excessive time on workarounds.

Jacob - I am planning on a stick built smaller in size, roughly 800-1,000sqft.

Like any market, it can also go poorly if you get the wrong asset and have a poor plan.