Good Investing...Aliso Viejo, Anaheim, Brea, Buena Park, Costa Mesa, Cypress, Dana Point, Fountain Valley, Fullerton, Garden Grove, Huntington Beach, Irvine, Laguna Beach, Laguna Hills, Laguna Niguel, Laguna Woods, La Habra, Lake Forest, La Palma, Los Alamitos, Mission Viejo, Newport Beach, Orange, Placentia, Rancho Santa Margarita, San Clemente, San Juan Capistrano, Santa Ana, Seal Beach, Stanton, Tustin, Villa Park, Westminster, Yorba Linda

@Chad Clement A couple things you need to look out for when investing in Condos:#1.

Marine Infantry Officer living in San Clemente, CA.

Ky, is it possible to go FHA on a duplex in San Clemente with 3.5% down and rent one unit and my wife and i live in the other? 

Originally posted by @Chad Clement:@Bill Ayers @Andriy Boychuk    the homes are 20-30 years old, but have new subfloors, floors, ac units.... 

Chad Clement , in order for people to answer, they would need to know the ARV, rehab amount and your desired profit.To answer your question about if this is typical, the answer is yes- or at least not uncommon.Many banks will give preference to owner occupants, even if their bids are slightly lower.Offer the highest number you are comfortable with after factoring in your desired profit and skip the contingencies if a hit market.

Good Investing...anaheim, brea, costa mesa, coto de caza, cypress, dana point, fountain valley, garden grove, huntington beach, irvine, la habra, ladera ranch, laguna beach, laguna hills, laguna niguel, lake forest, mission viejo, newport beach, orange county, placentia, rancho santa margarita, san clemente, san juan capistrano, santa ana, stanton, tustin, westminster, yorba linda

@Chad Clement - Just think of it as buying the land and getting the mobiles for free.  

Today I was talking to the finish carpenter on our San Clemente house, and we were discussing it's location, view, etc. as being perfect for a vacation rental.

I'm a newer agent myself but I'm currently under contract with Keller Williams OC Coastal in San Clemente and they offer some pretty solid training/educational opportunities (Jeff Stearman and Karyn Sontag are big on training and career development) and they have a number of agents that are rockstars (Kai whose last name escapes me at the moment comes to mind first) when it comes to investment properties.