It is the guys who pay $10 down and have no intention of buying if the deal falls through that will eventually get burned.I will have no problem with having a license, when I live in the state I am investing in (Florida).

I would punt on the sewer and rubbish, they see no value and can easily be offended.New tenants are paying $640 but there are 15 tenants paying in the low $500s.Then rates of the 15.Then STOP and take a breath - - wait another 6mos before raising the remainder.Best wishes.

I'm currently on the prow for my first SFH (long term intentions in mind).

I guess some days I should take a step back and take a real deep breathe.

CNN confirmed that Stretton is on the California Courts' Vexatious Litigant List, a list of people who continually bring legal action, regardless of merit, against others with the sole intention of harassment.

@Joshua Dorkin and @Brandon Turner Thank you both for your votes today.They made me smile.It is a pleasure to have joined your community.I had the good fortune today to have a terrific introductory conversation by phone with one of your more recent Podcast Show guests.We live close to one another in New Jersey but would not have met and shared a nice hour as easily without your platform or Podcast Shows.We've agreed to stay in contact going forward as our investment intents are similar.Yet another connection you all have helped make.Thank you again,Jonathan

Chris,A notice of default does NOT change the owner on title of the asset, it only gives notice of lien holder's intent to collect on their debt.

(1) It is unlawful for any person, with intent to defraud the owner of real property, to engage in equity skimming, which is, to: (a) Purchase, within a 3-year period, two or more single-family dwellings, two-family dwellings, three-family dwellings, or four-family dwellings, or a combination thereof, that are subject to a loan that is in default at the time of purchase or within 1 year after the time of purchase, which loan is secured by a mortgage or deed of trust; (b) Fail to make payments under the mortgage or deed of trust as the payments become due, regardless of whether the purchaser is obligated on the loan; and (c) Apply, or authorize the application of, rents from such dwellings for the person’s own use

If you are intent on painting it, do it on a inconspicious area to test it.

The real issue is whether you can prove that you had the intent to hold the property for rental, investment or use in your buisness.