Higher cost markets produce more equity gain for the value add.

Tenants in CA think they have all of the power but they don't, we as the landlord need to understand the lease in place and can then take back an equal position to them. 

This will be used for repair cost and down paymentAny advices going forward?

You will cut your cost of living down, and build equity at the same time. 

You can get something like Netflix, Roku, or over-the-air antenna which gives them local TV channels but your cost is very low.

My point is that in a market where overall demand is unbelievably strong, the opportunity-cost numbers are not that strong for an all-cash, or any for that matter, acquisition relative to past history. 

My plan is to use FHA, 3.5% dp, seller covers closing costs. 

Dan Powers - New Western

You seem “golden” in any court case when the city inspector was out and didn’t notice it, they didn’t notice it, and you twice agreed to let them go at no cost. 

I’ve heard about ‘gap funding’ for fix & flips to cover down/closing/holding costs in addition to the hard money loan for most of the purchase price & rehab, but how realistic is it to secure that type of funding?