I would agree that off loading the first home is a good start, and looking to buy more value add properties is your next step.1.

I agree but if he pays the month and you get a tenant the next month you cant charge him in the state.

Is there any deal you would agree to with that clause if you were buying?

They agreed to try to find something to buy but my father doesnt have an amazing credit score like me or my brother, plus he is unemployed so he wont get a mortgage.I told my brother that he has to be the one getting the mortgage because I have plan of starting my real estate investing career in January (buying a duplex) so I cant have a mortagage like that on my name because my debt to income ratio will be high.

I do agree with @Cody L. that it being 'newly renovated' and potentially having just been purchased in Feb (if it's that tax account ending in 19) would make me think you're on the other end of a flip.

Hi Scott, I agree with what's been said here.

@Ricky Anon I couldn't agree more with @Theo Hicks.

Of course it could be worthwhile to agree to a sale for a 10-15% premium....too much more than that and it may be more cost effective to force a sale, but if you don't get greedy you could come out ahead without dealing with too much of the other headaches.

I agree with Brett, Riverside, Palmdale and Bakersfield may have a higher cash flow, but appreciation will likely not be as good as Los Angeles.

@Matt Gilroy I would agree with @Alexander Felice...our Achilles heel in this industry is turnover...tough to keep good tenants when they may deploy at any moment or be relocated every 6-months.