Another way to buy additional rentals is to simply buy at a huge discount and borrow all the money from the bank.

Then they market the deal to the investor, either the cash flow the note or at a discounted price for a lump sum in a shorter period of time, say 45K.

Depending on where they are in the process will determine how much of a discount you can get.

That said, some municipalities have zero desire to allow a discount.

Contractors who were amazing who couldn't find work or only small jobs were doing investor jobs on the side for a discount.

Get a contractor's account and you will get discounts on paint and supplies.I wouldn't spend money on a sprayer if I was just getting started, but if you are comfortable with one and plan on getting multiple properties, it might be a good investment.

Generally speaking, ESPP is free money (I'm guessing you get a 10-15% discount on the strike price), so I would plow as much income into ESPP as the company will allow, and then sell as quickly as the sell period opens up.

The lack of supply combined with dirt cheap interest rates and lots of discounted foreclosures and short sales brought in an over supply of buyers.

Lane it doesn't really matter what they're asking, what matters is what the value is and since you'll live there that is definitely going to be different than a typical rehabber would pay.Here's where I'd start;1) What would a freshly rehabbed house in the neighborhood cost (you say about 150-165 let's say 155)2) How much are the repairs going to cost(at least ball park this one for now) we'll say 25K(8K roof+12K interior updating and repair+5K landscape and exterior)3) What kind of a discount do you want for doing the repairs instead of just buying a rehabbed house(15K not enough for a rehabber, but you're not trying to make a living at this just get a better deal on your personal residence)So 155-25-15=115K would be my maximum I would offer based on my hypothetical repairs ect.I would assume for the discount to be that much below the ARV you've stated that either the repairs are substantially more than 30K or they're trying to get a bidding war going to drive the price up or your ARV may be off.

Since your going to get an education one way or another, I think you are unrealistic if you side with the BPers here who will tell you that you can learn enough just by reading these forum.I am, however, willing to considering buying your CA loans that go bad, (for a substantial discount, of course).