I'll be self managing, and it would be nice to have one (or two or three) handy men available that I could call when any maintenance issues come up.

Nice outbuildings.

Or do you want a monthly cash flow with a nice tax write off around tax season?

Now he market has gone up but we have held onto it because we are able to rent it for $2400 per month and make a nice profit.

In our area it can take several months to get an eviction, and getting a payment from a tenant will cause the whole entire process to need to be started all over again.

Always nice to meet someone from a closer area!

Now you have recouped all your costs, you have a nice property that's rented, and you can repeat the process with another property.

I'm originally from the Orange County area and have been in DC for 5 years, I'm ready to move back home but I can't find any Wholesale or properties in need of rehabilitation that will allow me to get back to the Irvine/Newport Beach area at a decent price.I go to OC one week a month for work and I'm only seeing overpriced deals in the nice areas of South OC, and market rate or just above market rate in areas like Westminster, and Santa Ana, these use to be the go-to cheaper neighborhoods.I'm getting so frustrated I joked with a friend about funding a Wholesalers marketing campaign just to get a property in the Irvine/Newport area since that would be cheaper than paying above market rate.

Although it's nice from a non-financing perspective, it is definitely something to keep that in mind.

I truly don't view this business as convincing a seller to do anything, its finding the square peg and putting it the square hole nice and easy.