Sounds exciting, and perhaps keep in mind at that price you could find something along the coast in California/OR with about a 1 hour flight from Oakland.

Parts of Austin, are at California pricing.  

If they redtag you then you need to bring it to code with permit (70 West Hedding, planning dept).https://www.sccgov.org/sites/dpd/DocsForms/Documen...Sam ShuehCupertino, CA

Some I love working with and have their stuff together and only sell property with sellers who are fair and equitable in negotiations and working to close a deal.As others have mentioned I try to get upfront financials in LOI stage that has a CA component.

If this property is in your state (California), to be legally considered abandoned, you must reasonably believes that the tenant has abandoned the property AND the rent on the property must be due and unpaid for at least 14 consecutive days. 

I am in the Bay Area and with the rising prices have acquired equity in the home that I live in. Do you think it's a good idea to 1. Cash out refi and invest in real estate in cheaper markets2. take a 7 yr ARM (cheape...

Does anyone know of an "investor friendly" title company in Sacramento Ca?

Hello everyone! I’ve been creeping on the forums and listening to the podcast for a while and I’m excited to finally be in the forums! I live in the Antelope area and I currently attend Sac State. I have no background...

I am visiting the house EOM and will get a good feel for the area and the house itself.

@Pandu ChimataYou and your partner need to calculate the gain that you will have on the sale of the property.Gain will be calculated as selling price less adjusted basis(purchase price + improvements - depreciation) less selling expenses.You should reach out to your accountant to discuss whether or not you will be required to make an estimated tax payment.You should also be mindful that you may want to look to making estimated tax payments to California and the state the property is located in(if it is not california).