All appropriate permits will be pulled and electricity will be cut while I am working.

Here are what the numbers look like at 76k:Purchase Price: $76,00020% Down Payment: $15,200 Closing costs: $4,000 (estimate)Rehab Costs: $11,500 (could be less)Mortgage Payment: $300Gross Monthly Rent: $1250 Cash Flow: $325 (using 50% rule).ROI: (325*12) / (15,200+4000+11,500) = 12.7%Zillow says the property is worth 130k, I am getting comps pulled as well.Just wanted to get some opinions on this, its getting harder and harder to find deals out there that are in good areas.  

I am wanting to pull the trigger on a domain, but I want to make sure it's the best one that I can get for the money I am spending.

This past August I was convinced to finally pull the trigger on my "Plan B" to begin the journey to ween myself away from being job dependent! 

What investing strategies do you propose to safeguard against a bubble pop without totally pulling out of the market?

I pulled the sales comps for that subdivision, which suggest the property's market value is $120,000 give or take.

I too have been learning and reducing debt for the past year and am ready to pull the trigger.  

If you are gutting kitchens & bathrooms, opening up walls, altering the floorplan, relocating or otherwise upgrading plumbing and electric, and then the plan is to immediately flip the property and you don't wish to get sued into oblivion after the sale if anything should go wrong, then yes, pull permits and used a licensed, bonded general contractor.If on the other hand this is your personal residence and you just want to paint, change some trim and flooring, and freshen up the bathrooms and kitchen without gutting or moving stuff around, then you may be ok without permits.There are many shades of gray between those scenarios too ...

I don't know how much it's worth, but it doesn't seem like there is a whole lot of room to pull equity out.

What are the obligations of a California SFH family of owners who rent the attic (which is one big finished bedroom with private bath) out to a single man who went missing the 2nd of the current month we now find out he was pulled out of his rental car and extradited from California to New York on a warrant out for his arrest for a DUI accident that happened 2 years ago.Details of the accident not that have a keen interest but for what its worth will share his story: victim, a retired man, who sustained a brain injury 2 yrs ago from that incident, has apparently taken the turn for the worst and decided to press new charges for new medical costs and decline in mobility/quality of life, stress, anxiety etc for the accident 2 yrs ago which insurance paid out but victim wants the settlement amount (175k) a second time over?