So anyone if you can, please drill and correct me so I can make this deal happen to be a win win situation for me and anyone interested by the bay area.Vallejo house infoSFR 4 bedrooms and 2 baths1600+ sq ft8700+ lot sq ftBuilt in 1983HVACAttached two car space garageFireplaceHigh Overview Breakdown285k ARV30k to 35K estimated repairs8% Closing Costs on Sale%40% annualized3 months to complete (This is a very light fixer)10% profit for rehab is 23K22k closing costs on sale203K wholesale price includes 5k fee.

we used the extra blown in insulation to fill in the crawlspace under the kitchen and under the bathroom.I used the foam in a can to seal all the light mounts and smoke detector mounts with firestop and I am happy to say the house is more quiet and the heat pump does not struggle anymore! 

I can certainly shed some light on the foreclosure process for you here on the island.

Broken faucets or light fixtures, clogged drains, etc.  

They could be a touch low if you consider CapEx and a are looking at a long term hold.Can you quickly reposition the current properties to be profitable, for example increase rents with a light remodel?

I know prices were starting to soar a little bit, with the prospect of light rail.

Two problems we've had with acrylic that were combined with the tub surround... tenant burning tea light candles on the soap dish burned a hole in the surround and another tenant couple (both overweight) who enjoy taking showers together caused the tub and surround to flex so it became detached from the wall.

What I do is if the location is right, the conditional property is right, the layout of the property is right, the existing financing payments are right, and the attitude of the sellers are right, then my job is to put together the deal structure that works for me, and I basically give the project the green light.

DTI is in the 40s because of the two houses and decent but not substantial income.I'm light on cash because I just built a new house and put 20% down on it.Paid 454kLoan 363kI also own my original home turned first rental for 2300.00 a monthWorth 325kLoan 218kI've got close to 200k in equity in my two houses now. 

I can't tell you how many times a prospective tenant has whipped out a compass to see if the rooms/house face the "proper" way.You can ignore it, or worse, make light of it, and lose prospective business; or, you can roll with the flow...make lemonade out of lemons...Close the Deal.