I have been involved in renovating some historic homes in SoCal beach towns, and it can be a challenge for sure.

Just assume there is not a return involved in that.

Hi Everyone,Created an account since November 2023.

I have a love/hate relationship with the newbie phase of this, because I'm ready to get involved yet reluctant because of my lack of experience.

There will likely be a prepayment penalty involved as well.

They may speak to you directly.I have to say that buying occupied may have more cost and wait time involved but if the price is so low you can't go wrong then it may be ok.

Echoing what Account Closed said, best way to find a PM is to network. 

This could involve renting a property on a month-to-month basis or using platforms like Airbnb.House Flipping: Depending on your risk tolerance and investment goals, house flipping may be an option.

Recently I had one that cost $500, but that involved some extra work to re-pipe and add ventilation through the roof. 

Account Closed  I like trees and based on the picture of the tree even I would cut this one down (or better have the seller do it) even if there was no foundation issue that tree is the definition of too close to the house.