If a seller is not a relative or a friend why care what they think.

Economic anchors are things that are not going anywhere anytime soon, like state government, major universities, major health care centers, or manufacturers that are independent of the economy like military suppliers.I understand that the closer the anchor the better, but does it have to be in the same city/zip or can it just be in same county or next town over?

There are a few areas you need to be careful of, but the rest of Riverside is pretty nice and it benefits from being so close to OC and LA.

Their renter who lived in it didn’t take as good of care of it so it might need about 5k to get a few things fixed and to give it a good cleaning.

on sfh or 1 to 4 unit buys, one important thing to do is make sure you buy the ones where large capex items are taken care of.

They are already showing you signs of who they are and if you are not careful, your rental is going to see more damage in the future.

The IRS does not care how much profit you have.

@Chris Ayers I don't know your state's fair housing laws, but here in MA, receiving any form of public assistance is a protected class.That means it's an area where you have to tread VERY carefully. 

You cannot receive the funds as a reimbursement or they will be taxable to you.Regarding offset losses, the IRS really doesn't care too much how much profit or loss you have on a property. 

He's got really clever subject lines tho so I open every one of um. its the high desert western desert land game.. there was about 2 to 3 million lots created in SO CAL AZ  NM  TEXAS N CAat the turn of the century through about the 50s before the subdivision map act came into play.. they have been traded around in tax sales for the last 100 years.. there are a few gurus who sell a course how to buy and sell .. but its an old old old old game nothing new.buy at tax sale for 100 dollars (literally) sell on contract for 500 dollars 20 dollars down 10 a month.. if they make it one year you doubled your money. and because the price point is so low no one cares about title insurance its just deeds being swapped.. its the business I grew up in..