Others might be fine with taking risk, but least by doing this a person can get an idea of what might go wrong.e) Legal document analysis: it will usually take a few days to go through the legal document properly, as almost inevitably there are tons of gotchas that either have to be explained, or mitigated with a side letter.That is the very short summary of what I do.

Personally, I’d avoid California.

Glad to see a female REI using a female mortgage person.

Personal opinion.. a couple restaurants/bars, a general convenience store, and a CVS/Rite-Aid would make a huge difference to foot traffic and a neighborhood feel. 

Code Violations – Typically means that the property is too much for the owner to deal with and they welcome the opportunity to get the problem out of their life.

And I do like the idea of bucking the trend, being a little contrarian, etc.If you haven't already done so, I'd recommend attending an upcoming RI Real Estate Investors Group meeting, which meets monthly in person for members and monthly virtually for members and non-members.

They work hard to have choices in life.

If you miss the HOA payment, which is different than the transfer fee, the person on title will be notified to pay up.

I personally would start with family members and ask if they would sign a promissory note with simple interest so that you can take that loan and invest in buy/holds.

Remind her that the place was rented as is for $1200 and that only one person can be living in it.