With the kind of cash-flow you're getting on this property, it's an ideal specimen for cutting your teeth on being a Landlord.

I fell for it myself a long time ago, I hired the same "sob story" kind of guy and gave him a week's worth of work to do.

I think we are kind of saying the same thing which is that there is a huge variance in values under the umbrella of those city titles and that you should be careful which comps your using when approaching a flip opportunity in that area.As Trevor stated, the subject property is North of the Freeway... and therefore probably should stick to the reseda comparables to not get an unrealistic ARV...Now off to get that SFV 818 forehead tattoo so I can reclaim my valley boy status 

I am going to close on my first REO in my name. The owner is still in there and I will have to evict them (guessing will take 1-2mths). They are not likely to take cash for keys (but will try). I called my agent and t...

A problem is these kinds of owners frequently procrastinate and won't be interested in selling until the last minute. 

If it’s a “surprise to everyone involved” then yeah, I would ask for some kind of credit, but the seller isn’t going to give you money for a new roof.

If that's the kind of document that you present with your offer, I have no idea whatsoever whether you can actually close on the property. 

I tried to strike out on my own and kind of fell flat on my face!

It's kind of funny how some places have a no bandit sign rule....... except for those running for office.....

Your construction costs are off by almost $50 a square foot unless you have some kind of deal already inked.