The house I'm living is around $350-400k and that does not match the 2% rule, not even the 1%. ( property taxes here are $8500-9000 annual + HOA of $800.)If I buy a cheap house for $300K ( real cost $350-370, since there are some houses in good shape that have been listed for 200-300 days and the prices keep going down) I can be break even in 4 years ( math from rent vs buy calculator)Will that be a good deal even if that don;t follow the 1% rule since I paid 4 years of mortgage instead of throwing money on a rent?

By the way, spent a lot of time down that way in college days as EIU and in towns like T-town.Dan

Whether you are underwriting a property, a REIT or a crowd funding opportunity, make sure you cross your T's and dot your i's.

Going forward we'll have an electrician inspect all properties prior to purchase with possible K&T, so we know exactly what we're getting into and can better negotiate the price.

Ability to obtain a performance bond10.

But just want you to see a different t angle.

Hi @Sinh T Tsang.

You need to have a frank discussion with her about how an eviction will affect her ability to obtain a nice home in the future will moving on her own will not.  

If no clear title is obtained by Title Company or attorney within 30 days, buyer will be entitled to receive a full refund of his EMD funds, and will no longer be bound by the contract.”PROHIBITION: This agreement establishes a prohibition against transfer, conveyance or encumbrance to the property.

CA is notoriously tenant friendly and small claims courts in general side with tenants, so you should have your t's crossed before you decide to retain any portion of the security deposit.