Welcome to BP SarahHouse-hacking is a great choice.

@James WiseWith a conversion rate well under half of the others on that list, you might want to hit up Mike Dymski for help closing more of your posts into votes. 

A great place for CA investors because it's close to CA, no income tax, landlord friendly, tech job (Data centers), manufacturing job growth (Tesla), geographically constrained, and the 4th lowest property taxes (do not reassess on sale) in the nation. 

I get the house at closing just like any financed purchase.What protections does the seller get in case of a default?

@Paco Rabi,It's definitely nice to have existing tenants in place because they will be paying rent as soon as you close!

@Riley Yourdon make sure you put in your purchase contract that you will get the leases and rent ledgers BEFORE closing so you can review them.At closing you'll want to require that you get the tenant names, phone & email.There is this thing called fraud when it comes to leases & ledgers, so discuss reps & warranties with your agent.

How close is the town to a city?

@Guertone Sutton, how far along is your team assembled (agent, wholesaler, contractor, lender, closing attorney)?

I have made several great connections on BP from contractors to many millions in closed deals from house hacker clients.

For a good duplex in Tosa or West Allis that is 15-20k including closing cost.