@Leo Kwok Good to hear the story and would like to know the financial side of your project, do you pay the purchase and fix all cash or other funding method?

Lest I get a lot of "you're not doing right by your employer" comments, I often ask for more work so as not to be so bored but I'm limited by my security clearance in what I can do for them at the moment.Without getting into too much detail, while I make a decent salary, I don't have a bunch of money sitting around waiting to invest.

My current strategy is similar to many, targeting long term rentals for single family houses and 2-4 plexes, acquiring with the BRRR method when possible.

My thought is, if an Investor purchased that golf course (along with maybe some lots) I think if they did things the right way, they could make MILLIONS in After Repair Value.One of my thoughts is this, if I owned that golf course, what other ways do I secure cash flow besIdes the golf itself?

I am a real estate investor from South Africa and will shortly be relocating to San Diego.My primary interest is the BRRRR method with an emphasis on small multifamily properties (2-4 units).

They have the added benefit of not hurting the pocketbook too.I've learned more and more that it's possible to get burned following strictly these rules, it's good to hear that we have to maybe pull back on these in an effort to at least secure a first house.I'm in complete agreeance that i need to get my feet wet and mostly look to learn (i just wish it didn't come at such a high price, but too bad eh?) 

You better give the tenant their security deposit back .

1- Secure contract with purchase price and terms2- Send contract to title (search and insure)3- Draft note and mortgage (you'll need a lawyer to do this- less than $500 likely)3- Seller uses proceeds (your down payment) to pay-off  the lien (The title company will handle all this)4- Close the transaction5- Establish payments to sellerYou'll want to make sure there will not be a delay between the payoff of the 1st lien- executing the "lien release" and closing your transaction- will require coordination.

I would advice keep a security camera in house to record the entire activities in home and prove tenants that it is their illusion.

Finally, when the amount of the late fees totaled the amount of the security deposit, my PM told me that the tenant paid late every month and hadn't paid the fees.