Purchase price: $345,000 Cash invested: $85,000I did a BRRRR and bought a property in the dead of winter that had been rejected from the market.

Call every person you know and tell them you’re investing in real estate and looking to buy homes; so, if they or anyone they know are planning on selling to give you a call immediately.It’s a little tough to talk to people and get rejected, but if you can handle it, it’s a quick way to get your first deal or two.

However, in California, just get used to having your offers constantly rejected.....just keep pushing and make sure not to lower your standards.

Much easier and safer to reject than take a risk.

I read Nolo also but curious if anyone has experience with a shortened duration for the notice and if courts accepted/rejected.

Most people won’t do this because they can’t handle rejection but that’s what makes you different and will make you successful!

I’ve never had to reject a new roommate so far either. 

If it intimidates you, don't worry, I will attempt to be concise and provide a laymens terms summary.Basic statistics crash course:Obtain as many sample rent data as possible (Zillow works)Define alpha for null hypothesis testing ( 0.05)Run multiple regression analysis (#bed, #bath, sq ft) against active rental list prices.Observe P-values for each metricResult:#Bed - 0.02#Bath - 0.04Sq ft - 0.02All are below or equal to 0.05, reject null hypothesis (statistically significant).Create multiple regression line using coefficients for each metric.Input variables from project property and solve for rent!

Even if the appraiser were to make a mistake and use a sfh, the underwriters would reject the appraisal.When there are no comps of multis, you need to be prepared for appraisal problems.

Also the seller rejected our offer today, so we are back on the hunt.