That is so true and a very thoughtful thought!

CA is a great state and as a former resident I know first hand why people continue to live there and move there.

Whether you're interested in wholesaling, fix-and-flip, buy-and-hold, or other strategies, there's a wealth of information and a supportive community here to help you on your journey.Clearly identify your short- and long-term objectives in the real estate market.

This is so that the lender may demand full repayment if a property with a mortgage is transferred into an LLC and a due-on-sale provision is triggered.Before putting the property into an LLC, make sure to check with your mortgage lender.

I have documentation of payments and evidence he lives here and a rental agreement.

I am a residential remodeling contractor by trade with a solid understanding of the rehab process and a network of laborers and subcontractors that I can rely on, and thus plan on managing this first rehab myself. 

There was termite damage in the unit (not a ton of damage, mainly two rooms and a side door).

You may get higher with DSCR loans but expect upfront points and a higher rate

Welcome to the community filled with resources and a plethora of knowledge.

I ended up using a combination of my reserves and a private loan from a friend to close on the home before it was foreclosed on.