Hey @Wesley Mitchell ,Sounds like you're indirectly pursuing the  BRRRR method; acquire a property, improve it, then refinance and get your money back (in this case it'd be 75% of the ARV after improvements) This would help you keep the house as well as attaining funds for your next investment.https://www.biggerpockets.com/renewsblog/category/...

Recording is the method by which agreements affecting property become public record.

Not only will this put more money in your pocket, but depending on your goals, you can paydown the debt far faster with this method.

After meeting this applicant we became concerned because they had so many ammenments they wanted to make to the lease (the lease was not signed nor do we have a deposit from them), insistance of blinds in the kitchen area for privacy, plus we got an overall uneasy feeling about this person.

Some method of owner financing?

I am primarily concerned about the high (2.6%) property taxes.

I just recently moved to Los Angeles and was planning on doing this method later this year with some kind of Multi-Family property (2 - 4 units). 

My biggest concern is your statement that you couldn't get a clear answer from your tax team.

Michael Kiley 30% is achievable realistically by applying the BRRRR method over and over.The downside of that is that it takes time to buy, renovate, and refi.

I am a newer investors in Tacoma, Wa and i am interested in approaching motivated sellers with a Master Lease Option but I have concerns about them backing out/not selling.I would want an attorney but even if all paperwork is order is there any gaurantee that I can buy it if I choose?