Hi all, I've been lurking here for literally years but recently actually registered for the site.

IMHO its not too difficult to source a realtor and put it under PM on your own.Otherwise you can source in san bernadino and riverside counties and bet on the appreciation play locallyPrices in OOS markets are the same as they were in 2006 so be careful...

Even if you are able to cash out on it, you really won't be making any money, especially when you factor in vacancy and repairs.If you are set on this being an investment property and you are sure it is worth $210k, your best bet would be to unload it, take the cash and move on to something else that would be a better rental.

Being GCs ourselves, when we go to check out a property we know everything there is to know in 30-60 mins on site, so no need for a formal inspection.And it helps big time.When we sell B-C, the ONLY offers I will even entertain inspections on are retail MLS sales. 

It sounds like my best bet is to talk with the current owner and try to get him to sort things out prior to the closing.

I am using a site called rentometer and I like it.

It is infectious, and I would bet Dad would soon be on board with your line of thinking. 

I think your gut is telling you that that betting on appreciation as your only out is not the wisest choice. 

This site is very daunting.

I've been researching online for the best exam prep courses and it seems like KAPRE/Brightwood Real Estate Education is my best bet as I do not need to take continuing education.