With the low interest rates and improving exchange rate, I'm also looking to expand my real estate investments. 

I would flush the toilets, turn on all of the faucets, make sure everything is working properly.

Don't start your investing career with such a property.If it is properly zoned, check with the building department to see if its actually permitted as a duplex.If its not both zoned and permitted as a duplex, plan to make it back into a single family.

Develop a solid marketing campaign and be consistent in your marketing.Also, don't be so jaded by the quick riches programs that you don't get the proper education.

Investors buy deals in which they profit, many of which are from noob investors who didn't buy properly.

All the money goes in there, and then the title company cuts everyone the proper checks at the closing.

I would like a little more thought on this…as to how does the whole thing work and how can we invest properly in pre-foreclosures to earn secure profits.

Keep reading the posts on this form on how to buy properties properly (at the right price) and manage them.

Mouschi,The rental property business (if done properly), allows you to make money at least 5 ways:1.

Pursuant to Section 3712 of the Revenue and Taxation Code, the tax deed conveys title to the purchaser free of all encumbrances of any kind existing before the sale, except:• Any lien for installments of taxes and special assessments, which installments will become payable upon the secured roll after the time of the sale.• The lien for taxes or assessments or other rights of any taxing agency that does not consent to the sale under this chapter.• Liens for special assessments levied upon the property conveyed which were, at the time of the sale, not included in the amount necessary to redeem the tax-defaulted property.• Unaccepted, recorded, irrevocable offers of dedication of the property to the public or a public entity for a public purpose, and recorded options of any taxing agency to purchase the property or any interest therein for a public purpose.Any federal Internal Revenue Service liens that, pursuant to provisions of federal law, are not discharged by the sale, even though the tax collector has provided proper notice to the Internal Revenue Service before that date....according to that, California tax sales doesn't seem pretty free and clear to me.