IF THEY WANT TO TAKE UP AN EXTRA 20 MINUTES OF YOUR TIME AND JUST TALK, BE A DECENT PERSON AND LISTEN.This guy was an old-timer, well-off and he said he just liked us because we confirmed times to show up for viewing the house and never tried to act too cool for the property or totally low-ball him.

I made it clear in an addendum I added to the lease that it was an unfinished basement and any and all improvements that they want to make or do make have to have prior written approval from me or my husband as well as permits and insured licensed contractors for electrical, plumbing, etc.

And of course if you leverage you now have added risk.I don't know that I'd be looking to trade a debt free property for a leveraged in the same SoCal market. 

Also, with interest rates “high” you might calculate how much extra $$ the leverage will bring in and if you have the bandwidth to pay the mortgages if the dont rent out for a while or rents decline.  

Typically when adding someone, say party B....party A who owns it completely would Quitclaim it From A, to Party A AND Party B.....not just from Party A TO Party B.

@Michael Plaks True, but I have to give people the benefit of the doubt that they know basic definitions of words unless there are flags that words are being misused or something isn't adding up. 

You might find it easier to join an existing team as someone adding value raising money, doing diligence, finding deals, etc.

Having said that - Facebook lead ads work well. 

It has no bearing on what price the lender will agree to.Points to know....First, use an Experienced short sale Buyers agent....there are just to many things to look out for in a short sale.Find out how many mtgs/liens are on the property....many times a buyer has to pony up extra money to satisfy a junior lien holder, above what the first lender will offer them.Assuming all paperwork’s has been submitted, expect 30-60 days for bank to do a bpo and accept=counter your offer.Submit a gc repair estimate with your purchase agreement.If the comps are $200k, you’ll never get it for $80k unless there is a serious documental $100k problem with the property.

We'd still be paying the $137/month in PMI (which kills me to think about the waste of $42K over the life of the loan) and only be paying interest payments unless we can afford to pay extra for principal.