Operating expense - Mainly only wifi enabled locks have a monthly fee.

The biggest hurdle will most likely be experience.

The main reason I’m leaning towards rehabbing and flipping is because my friend owns a contracting business and suggested the idea.  

Almost all new plumbing plus a new larger water main.

Eventually, main lender took them to foreclosure for non-payment of loan obligation.

All these are very safe areas.Costa Mesa is even more affordable with decent schools, especially southeast area of Newport Blvd closer to the Newport Backbay but it is definitely closer to the lesser safe parts of the OC (northwest of Newport Blvd).Santa Ana is getting a lot better in terms of crime, a lot of downtown gentrification near Main and 4th.

B class residential older homes with light mix of multi-family (mainly duplex or triplex). 

I'm eyeing another deal, and while I can source the 20% down with cash on hand and HELOC from main home, I would prefer to have a a good amount for renovation.

Demand does not always increase but in general, prices rise as demand increases and prices decrease as supply increases, and vice versa.Interest rates are actually one of the main drivers of price, as they have a direct impact on purchasing power.

My main concern is to protect the assets of my private lender, I need to look further into this due to them possibly having to be on the loan and would like to avoid that due to them possibly being caught in a litigation dispute down the road.