150k is steep for land acquisition for a tear down unless you are at 750k and up or multiple units.

Its much harder to turn a property around in 6 months expecting to have 100% of your money returned back to you - but if you focus on the right property focusing on highest and best use with an ADU add (like mentioned), in-fill/lot split, or other rehabs - then hopefully a semi-decent property like that will perform like a champ in a few years. 

MTRs fall somewhere in between but still require furnishing and active tenant acquisition.

Quote from @Chris Seveney: Quote from @Jeffrey Farkas: I bought a property in a foreclosure auction.

Quote from @Anthony Sigala: We are all aware of the 1% rule--the gross rent produced by a property must equal 1% of the of the property's acquisition cost.

They will fund 80-90% of purchase and 80-90% of renovation but not one or the other if that makes sense. they want skin in the game from both sides (acquisition) and renovation. 

Property Radar offers daily data on the trustee Sale but not the Appointment of Sub trustee documents so even with them you are behind anyone accessing the Appointment of Sub trustee documents.

Your property management company can help once you own the property but up until then you need someone good on your side!!! 

This is my first post on here and excited to share my real estate investing journey with the best partner in the world, my wife.. we are looking into buying our first investment property via hard money.

I could see this fit into several categories of 'real property trades or businesses.'