The property itself, the bones, are in really good shape (except for the piers underneath the back addition).The foundation is excellent.

However if this is purely investment (is no plans to move in after some time), you need to objectively do the math on your expected return given what you think price appreciation will be over the life of your ownership ( @Leo Kotschenreuther makes an excellent point) , weighting the risk of a downturn and your ability to continue to fund this investment, and compare that to using your 500k +2k/month to fund any other investment (Amazon stock, bonds, passive investment in a syndicated deal elsewhere.... ) We are holding our San Jose MF, but I've stopped looking for my next deal in silicon valley... property here is all priced for perfection (ultra low cap rates, neg cash flow, smells like 06-07!)

Here's the example:1) Investor cuts a check for $100,000 to DEEDfeed, our nonprofit.2) DEEDfeed cuts a check for $100,000 to fyre CAPITAL, our investment group.3) Investor distributions and original principal of 100,000 are returned to DEEDfeed, and in turn to the Investor.4) 100% of Investment Management Fees collected by fyre Capital are sent back to DEEDfeed.5) Those Fees are now the donation to the nonprofit - And thus mandated to be spent in line with DEEDfeed's Mission and 501c3 rules.The Investor wins by earning distributions. 

After winning a bid for a Hubzu Auction property.

All located in the basement in excellent condition (probably the best part of the whole property).

Long term, I think CA wins, but you have to know that you will likely be anywhere from breaking even, not including tax benefits, at this time, to being in the negative if you go FHA at this time. 

To me, having an immediate tenant paying rent seemed like an enticing offer, and a win-win.

Purchase price: $4,500,000 Cash invested: $1,150,000 Sale price: $5,500,000 This was a 4 month flip with excellent returns.

If I don't do any transaction (b/c I cant win any clients ) after I get my license, can I deduct my 1.5-2k dues as QBD tax loss ?

The app is excellent, offering estimated home values that are sometimes more accurate than Zillow’s algorithm.