Just to tack onto Bradley's assessment...I'm also Humboldt-based, living in Mckinleyville.

It feels good to progress, you know.

Be advised that as we do not have a state income tax, property taxes can run around 3% of assessed value.

If you have it under contract, put the address out there so you can get some quality assessment from people here. 

I have some properties that I am looking to purchase and I am looking for a realtor to help my partner and I assess the property and the area.

If not a lot of Capex sometimes you just run across a motivated seller in life with a good product to sell at a great price.When you find those things lining up you have to move fast.I would make sure a large tax assessment rise isn't fixing to happen or a large increases on charge per gallon of water usage etc.Capex and utility is always the cash flow killers.

@Westin Hudnall   We do an eyeball assessment when the tenant gives notice so that we know what work will be required to make it marketable again.  

@Jason Boyer thanks for sharing your progress to date - love hearing stories of how people are investing and their backgrounds.

I will definitely use your tips and I will update my progress!

So if you buy for 100K, improve the property and it is assessed say 150K, the you can get the whole 100K out with the loan.