Originally posted by Jon Holdman:$165K is way too much to pay for $1500 rent,Not in Orange County, CA where Jake and I are from.

I also like that the newsletter is available in the middle of the page it's highlighted in orange.

The inland empire and areas of Orange County already.

Define the problem then solve for a solution.Since you're dealing with a bank, I'd suggest you not get too creative or do something they are not aware of, you probably don't want to wear an orange jump suit everyday.BTW, welcome to BP, where anyone can end up with one of my silly posts, they aren't meant personally, just having fun in the forums.

Carlos here is the link for the Orange County association and for MLS Salesperson only. http://www.ocar.org/Membership/MLS-Only-Salesperson.html

I predict that the rehab will go very, very slowly... and you'll have a tenant that will use every opportunity to not leave.Conflicting tenancy law with contractor law, liability out the yin-yang (if he gets injured working on the house... in Georgia he could sue the living daylights out of you for making him work on the house he was living in and leasing from you)This is a bad idea on so, so many levels.

I'd suggest you get with a 203k lender in the oranges or newark area and find out what you qualify for.  

At this moment, I am currently in the process of saving money for a down payment to purchase my first home.I live and work in Orange county California where the average house is selling for at least $500,000, which happens to be a little out of my budget. 

(Apples n’ Oranges) 2.

@Leon Yang @Stan Hill Great question, Jason.