Welcome to the party Dell.

Good stuff - If I can help you in anyway, especially from a due diligence stand point before purchasing turn key, please don't hesitate to let me know.

Third party property management in CA requires a broker's license.

The most difficult part is going to be coming up with down-payments, which is why I encourage and challenge you to do your next deal with no more than 10% down.But hold off.

Did you run into problems with sellers wanting to see your credit report or you sub-letting to a third party?

Depends on what company is conducting the auction and the rules and regulations.Most I have seen do not approve assigning etc. to another party for a fee.

My favorite part is when they start going through the house and just automatically start tallying up all the upgrades at face value to their bottomline...Its so realistic to just assume you will be able to ask (and get) more for your home (despite the comps) just because of some travertine floors and bullnose sheetrock...What a joke...

Additionally, the Landlord/Seller agrees to hold the original Tenant/Buyer harmless from any further liability or obligation under this agreement or from any cause of action brought by any party caused by the Landlord/Sellers breach. 48.

I try preempt all repairs by communicating with tenants bi-monthly which usually works out well for both parties.

Does it make the interested party seem more approachable?