Another issue is accidentally playing favorites.

You can always start paying taxes and take care of property and try quiet title or adverse possession, but that’s a risky game to play.

Every renter has to start somewhere, and most people will have something on their history or situation that isn't ideal, but that's part of the game.The felony is the only "real" issue I see, however I've had dozens of houses with dogs (of all sizes and breeds), and very often those backyards got thrashed. 

The home prices here in OC are appreciating..although it's anybody's guess of course how that will all play out in the future...so the house will only increase in value, I would expect.   

I realize this business is all about relationships, longevity, grit, ideally fulfillment and am willing to put in the work.

Hi Christine,While I personally would not be interested in a property that does not cash flow (or will cash flow after some rehab is done), if you are playing the appreciation game I would make sure that the property at least breaks even when all the costs (including vacancy) are factored in.If you are at least even, you are having someone else pay down the mortgage which at least still makes you some money, even if it is tied up until you sell.

How does this person play a roll in the purchase, offer and contracts of this deal.?

If you are looking for larger properties, then commercial loans and debt service will come into play.

But the idea is that once minimum wage reaches $15.00 an hour people will have more disposable income for rent.A downside of investing in socal(SGV specifically) is that you need a lot of cash to play.

I gave up on playing games with the sharks swimming around the Denver Metro.