You want me to give you a statute that says "selling a property for more than 25% of its value is predatory dealing" That doesn't exist, I'm sure.

Me and my brother purchased a 1941 4-unit in Silver Lake (Los Angeles) back in 2003 for $560K (top of the market at the time, it needed major renovations, and we had to get rid of the existing tenants -- 3% down, 6.5% interest 30 year fixed). 

That is about 3 feet below the existing ground so I'm going to be paying flood insurance.I also learned some things about 1031 exchange.

I have been repeatedly requesting documentation to paper up this transaction showing altisource has the power and authority to act on behalf of the trust that owns the property with little success.Seller is now 6 days in breach of contract and claiming they have no paperwork to provide us (even though they have claimed this before) although I know for a fact documentation exists as they have provided another trust instrument.

., the court found that in determining unconscionability, the trial judge may consider: 1) the amount of the proposed rent increase; 2) the landlord’s expenses and profitability; 3) how the existing and proposed rent compare to rents charged at similar rental properties in the geographic area; 4) the relative bargaining position of the parties; and 5) based on the judge’s general knowledge, whether the rent increase would shock the conscience of a reasonable person.In my opinion if you're basing the increase on market conditions and not on trying to take advantage of anyone or increase the rent as a way to eliminate a tenant you'll probably be fine.

As a new investor, I encourage you to make a small investment in your career and grab a resource I wish existed when I began my real estate journey.

But without knowing whether or not those facts exist, I can't say either way.

For the existing tenant they are conditioned to an old and worn out space.

Is your goal to remove the existing tenants?

Before I started using BP I didn't even know Turn Key companies existed but once I found out about them, I initially though it was the way I was going to build my portfolio.