As a result, many do it more as a hobby and aren't really helpful.

Hello I dont know how to do all the rennovations I see my brothier doing at his rental project, I just feel like at a base leval I dont know anything no matter the history and work, how am I going to buy my first deal when I dont know ****  pleas help me dial it out of this hell  refering to the rehab skills mainlyhow to deduct all deffered maintances and otherwise I make 1k a mouth but what happens when a major rennovation takes place

Providing an update on this as we ended purchasing a house with these circumstances are are considering doing it again and thought it might be helpful to share the experience and how the concerns I noted at the time were addressed.Our scenario - Purchased a SFH in CA for significant price reduction with "free" rent to seller's brother for 3 years.1.

My main hobbies are playing golf, video games, and reading about real estate.Excited to learn and connect with you all!

They seem to be more SFH but it will be good networking and learning I’m sure. got my LLC made and am ready to get my first property so any help is appreciated!  

Hey Rick, we'd love to help with this.

It depends on the condition, but if it passes a 4-point inspection, I would definitely go for a novation first because they need help with bills, so you could probably support them with that while getting a retail buyer.

When I worked with them they were doing DSCR loans so hopefully they can help!

That would help somewhat.

Those are good questions to research when looking for good investing areas.Hope my answers help at least a little.