Fees vary as well as procedure, unless you are bringing a huge deal to the table a lawyer would be too much. 

The ideal candidate would have a bookkeeping background, a knack for organization and developing procedures, able to do it all including administrative tasks, entering owner statements from various property managers into property tracking software, calling property managers to decipher owner statements and pressure them to increase income and decrease expenses, able to understand basic construction and rehab, lease out units locally and screen tenants, and the list goes on.

Subletting just means you go through the normal procedure of renting a home and then you just move in another tenant to cover the rent and a little bit of a markup.

We have a good understanding of the formula involved in deciding which house to choose, ((ARV X 70%) minus rehab cost = maximum purchase price), and we understand the costs associated with purchasing, holding and selling and have a good handle on general rehab costs as they go.Having said all that, what is the procedure for obtaining the funds for the rehab?

I am new to any situation as this and would like to know the procedures I should take or things that can help me.

Is this possible in California and if so, is there a certain procedure to acquire property for that price.

You may also want to consider buying around the Temple Hospital area and rent to medical/dental students.

Hello fellow RE Investors,

I am looking for a step by step guide on how to buy Foreclosures and I have been unsuccessful in my search on the Internet.

There are many explanations of the Foreclosure process (includ...

Referred him to get an attorney but am curious as to the procedure nevertheless.

What is the standard procedure for duplexes/triplexes?