Other people simply do things completely wrong and that "doing it wrong" is commonly labeled as "normal" or the norm.Listen to the data, leave emotion out of it, and crush it!

Before asserting the tenant's liability, I would encourage you to seek legal advice in the state where the property is located and move forward from there.

We also have 2 investment properties within about a 15 min drive of where we live.

Hello everyone,My Canadian company owns a residential property in California and I want to sell it to my own personal name as I am closing my company.I don't know which professional to consult to help me do the transfer besides my CPA.Can I do the transfer of the deed myself (going to the County Recorder’s Office) and just check with my CPA for taxes due?

Conventional financing for this type of property is going to depend in large part on what the purpose of the purchase is as well as the specifics behind the property type.

It is expensive but money is not cheap at all nowadays and as others mentioned even getting a LOC against a rental property is a huge score as not many lenders are lending on that product.Question I have is what are you using the $ for and can you earn it back? 

Negotiating the seller down on sale price from $200,000 - $185,000 to build some instant equity in the property.

I know you are probably bummed about this and feel like you made a mistake, but if you can figure out how to hold this property and buy more properties and hold them then you will end up making significantly more money in the long run; you don't build a real estate portfolio by selling.

It doesn’t matter that the property might be in CA or TX.

Congrats Brendon, what was the draw for you with the property?