(but maintenance should be low for the first few years) The main houses rent for 2200- 2500$ The basement: 800-1000$ The coach homes (Over the garage): 800 $ 3800- 4300$ per month Houses come with 3 kitchens with appliances, 3 w/d The city is not allowing anymore to be built at this time (Which is good) so the inventory is low and they don't come on the market too often.

Any thoughts on Brian's mention of lease option with so much neg equity, or IOU note to seller to pay below market once house is rehabbed and sold at investor profit?

You can also "vote" on someone post if you like it, or "follow" members to get updates.If you can make it, I arranged a meet-up of Bay Area BP members on Jan 16th in Oakland (see link below).

I have a townhouse the would be a great investment property, below market value and is in a great area.

Buyers for median priced and below properties selling with owner financing and with a reasonable down payment are VERY, VERY EASY to come by - craigslist - bandits signs - all day long.

Check out the link below.

In my experience HUD allows asset management companies to accept bids with a net price to HUD of about 11% less than asking price.In my experience HUD will not accept “lowball” offers that are 50% of the asking price, but they may go as low as 20% below asking price on certain properties.

I've told our Realtor to only send us listings with management fees below $150/mo., but it looks like we're missing out on some otherwise promising properties that don't meet that threshold.I know those fees are tax deductible for rental properties, but in the long term (ie., when the mortgage is gone and we're paying this fee every month for the remainder of eternity) how big of a difference does that make as far as cash flow is concerned?

My bid was accepted at 15% below the listed price for oner occupant HUD home.This house I was about to purchase.1.

If you've got earth washing away around the house or below the foundation that is causing the foundation to sink into the ground, you may be looking at 10's of thousands of dollars.A much better description or some photos would be needed to really give any type of useful feedback.