This second runs until 2022, so I believe those ongoing missed payments leave the clock running. 

Although I'd like to believe that this won't go very far, I am at the same time very worried about what it would do to Sacramento if rent control is indeed implemented. 

I don't want to be an agent because I don't believe it will help me reach my goals.

I would upgrade a slummy looking kitchen or bath with builder grade materials or do tweaks to something old looking but in good condition (refinish a pink cast iron tub, use oil based paint to cover dated bath tile in good condition, paint good condition cabinets white and add new counters)

I did the math assuming a 6.45% Cap Rate for Orlando, along with $115,544 NOI but I don't believe this building could ever be worth $1.8M. 

I believe I have the general strategy down of getting leads on homes and making deals. 

Real estate activity; unlicensed personA.(1) In addition to any other civil remedy or civil penalty provided for in this Chapter, the commission may issue a subpoena to any person or persons who the commission has probable cause to believe has engaged in real estate activity without a currently valid license.(2) Subpoenas issued by the commission shall comply with the notice requirements of R.S. 49:955.

Sang, PM I'm from Chicago and live in PHX now but I virtually wholesale in Chi I believe I can provide you with some resources to help you get started

I'm new to RE as well, Laura may have a better answer, but from my understanding I believe with a fix and flip, after getting an offer accepted, you need to put it under contract to get the inspection, financing, etc. in order.

My ego would have me believe that, at 57, I not really "new" at anything, I've been around long enough and have seen enough to at least be able to figure out some of this stuff.