How long could you hold the property?

It can come at the very end so that you're not wasting your time (and theirs), but the kind of long term damage that a bad tenant will cause to a property is not something that they can quickly and easily hide so you want to get eyes on how they are currently living.The age of the house has nothing to do with section 8.

Not just being wealthy in terms of finance, but with time and lea-sure.

Hey Everyone!
I am going to manage some properties in Kauai next month and need to setup Trust Accounting at a local bank in Hawaii. Does anyone have recommendations on banks or have a contact I can reach out to s...

Hi Javier, the numbers look fine in terms of the purchase price, rehab, and ARV (depending on what kind of work you are doing).

I have seen some hard money loans for rentals that can cover the rehab but the rates and terms are terrible.

I would review my loan agreement - as the bank must abide by the terms within that.  

Anaheim is a great location if you can get a short term rental permit

I wrote a long piece a while back you might find helpful: https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...Good luck!

Since you acquired it so recently from when you will close on the loan (in your case 1 day), certain HML lenders will treat this as a purchase rather than a refinance which offers better terms, more leverage, etc.