Another reasons I think TExas is more appropriate for locals... they can mitigate sky high property tax's ( as compared to many other areas) with no state income tax.

Then you would split the profits in an appropriate manner (like 60/40, 70/30).Whatever you decide, just make sure it's in writing so that there aren't any issues down the road.

If a yearly lease the amount of rent in this lease remains the same until it would normally expire.If they have a month to month tenancy then you are legally able to increase the rent with the appropriate written notice.  

The downside is that it takes an inordinate amount of time and dedication.What you'll need to determine is how much is appropriate or "fit-for-purpose" for what you are trying to achieve in your real estate investment goals. 

I'm an occupational therapist and we have travelers that have had a difficult time finding appropriate housing.

This is the most expensive type of list, and will be the most expensive postage (because it's the least "saturated"), but it's really the only type of list that's appropriate for reaching actual owners.

After the 3 day notice, your attorney will file at the appropriate time.

I'll feel comfortable in buying again when I have 6 months x my full payment of (mortgage, PMI, taxes), after everything is rehabilitated.

I recently posted a similar question in a different area of the forum, but I thought it might be appropriate here as well.My wife and I are looking to purchase a second home and use it as our family's primary residence.

Sacramento has no rent control, so theoretically you could bump the rent up to any amount as long as the tenant was month-to-month and gave 60 days notice.If the tenant was on a lease, then you would have to essentially give 60 days notice, 60 days before the lease was to end.So, if the rents are far below market, but the property is priced appropriately for the area based on comps, are you able to take any action as an investor to make it work?