Most investors opt for the skeleton versions that truly miss the mark and lead to convoluted amended and restated agreements that cost far more to correct than simply paying for the agreements to be drafted by a professional at the start. 

Given that it is reflected in the price most of the time, and therefore to buy a property in a lower school district will cost less on the front end, often require a lower level renovation: it all comes down to the numbers and which is going to yield the largest return for the least effort/headache.

Last night, I learned that there's a problem with the home: during the inspection, six gas leaks were identified, and repairing them will cost approximately $7,500 in labor and materials.

There's a misconception that builders are price gouging, but in reality, the price of a home is directly tied to the cost of building it.When material or financing costs go up, home prices follow.

If it is a regular rental, draw up paperwork that clearly outlines how much money they lent you, when it will be paid back and how much (eg if you buy a house for $400K and 10 years later they move out and it sells for $500K-do they get a percentage of the profit (after taxes and costs)?

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To save on costs they can't pay their staff nearly as well, leading to good employees leaving for better opportunities in the for-profit space. 

However, due to very, very high cost of living in Silicon Valley, and difficulty buying a reasonably sized home, and given I will remain in Bay Area long term most likely (family all here), also need a property appreciation strategy to some extent, too.

Take that number and multiply it by 12% and that’s your allowance for marketing per deal  Take that number and divide it by your historical lead cost.  

I'd be happy to discuss this further and explore how we can help you achieve your real estate investment goals.Please feel free to reach out at your convenience.