But hopefully I can make time at some point in the next few months.All of my long-term rentals are in the Kern River Valley so this is the market I focus mostly on, but I do inspections in Bakersfield regularly.

We do have the regular security deposit (average $1,300) which we feel can cover any problems we may have.

Waiting until the property turns into a REO may cost a little more, but you will get a clean title, a warranty deed and have the option of buying title insurance.One auction option that can be very profitable is tax sales.

But a clean 3/2/2 rental unit can usually be sold quickly.

Regular brokerages want agents selling on 50/50 splits.

I have already signed up to attend next months meeting at the local REIA and I plan on becoming a member and a regular face there.

@Michael Sherwood I am actually in Germany for the next few months but maybe we could connect sometime in the Spring/Summer.I will be in Central NY for the majority of the summer and regularly make the drive through Buffalo to visit family in Oakville.

Can I simply use an option contract with the wholesaler and then use a regular assignment contract with end buyer?

The condo is extremely clean and well kept almost like the tenants were specifically brought in almost like a staging.The owner says they might be interested in staying on after I purchase the property but there is zero chance I would keep them in the condo without a new lease.

We took it off the market for a week and half, got it cleaned up and ordered new appliances.