Hi @Maureen McGuire I'm so happy to hear you went with a local mentoring program that allows a hands on approach and personal attention.

Feel free to post here or PM.

Neither the authors nor the sources cited can be held responsible for any losses or damages resulting from the use of this information.Feel free to reach out if you would like to invest in the Birmingham market.

Each corner of the finance industry is completely different, and nobody can do it all well at the same time.Feel free to reach out and I can give you intros.

View the CA Probate Code link for a better understanding: https://leginfo.legislature.ca.gov/faces/codes_displaySectio....Yes you can purchase any probate property (to my understanding) without the confirmation process.Just remember that the nominated Executor in the will would have to possess Letters Testamentary.If there is no will then the Administrator would posses Letters of Administration.For free probate leads this is he webpage I use for N CA (certain counties) and can also be used for Arizona (Maricopa County only) https://www.legaladstore.com/frmMain.cfm or find potential probate leads from this publication: https://www.recordreporter.com/rrhome.cfm?

Some lenders have limits on the maximum loan amount of a fixed second mortgage or HELOC between $250-500k although many have unlimited cash in hand but still based on the loan to value.

Even without the cheap money and the cash flow, I always make the rental as sound and maintenance-free as possible before occupancy.

For your first time hands off deal you might look for something else.

If you are wanting to learn more about how to protect yourself as the PML, check out the book Lend to Live: Earn Hassle-Free Passive Income in Real Estate with Private Money Lending available in the BiggerPockets bookstore!

Feel free to message me with any questions and what areas you are considering.