Also, they apparently do not allow inspections so basically when i visit the property I better look over it well.

Also, if going the FHA route, the rental units must cover the mortgage (tough to do in SoCal these days).

I am getting ready to visit my first few properties as an investor :) Pretty pumped to be taking an actual step instead of reading and listening to podcasts (which are still great by the way). 

So this must be just trim or something small.$225 for house cleaning?? 

As Michele suggests you must learn your state regulations.

If anyone's interested to analyse or critique i'd be happy to forward the pro forma.)At first glance, this place looked like a bland, disused, shell of a dump building in a town i visit but do not like. 

They must only be an issue in the crappy houses

Other more ultra conservative investors may differ so you must first decide if you are one of those or not.

My advice would be to:1. stay in contact w/ seller2. ask what price and what TERMS (fast close, cash, etc) they would take immediately or without hesitation3. see if you can visit the property in the meantime 4. get your $ ready so you can go when they're readyAll the best!

ha.Tenants said they weren't home, and a neighbor had called the fire department and put it out.Tenant sent pictures, and for a fire, that damage was not too bad, damaged some vinyl siding etc.So, obviously since the tenant was not there, I am thinking it must of been some electrical issue.