Most people can't do all of these things well right off the bat.If you can become an expert in one helpful area and then partner with an existing operator you will benefit twice - once from your deep knowledge of a certain aspect of the business, and again from working with an operator who as already made the rookie mistakes.  

That should bump the value of existing homes right?  

Hello, We bought a property in CA at a trustee sale with an existing senior lien under the previous owner's name.

I see 2 options for existing tenants if you want it really easy for you:1.

As you may have discovered, IRC no longer exists and was changed to goREIA.

Where will you be when a newb quitclaims a house into an LLC whose never heard of a member and has a non-existent Op Agreement?

Is anyone familiar with an efficient way to determine which properties on the market for sale have no existing mortgages?  

Vacancies are non-existent.

Any thoughts from existing owners, more specifically in LA?

I was recently turned onto BP and I am loving the wealth of knowledge which exists on this website.