There is not rent cap so one of the first criteria will be to charge more, which is not going to help the people that the city council says they are trying to help.Originally the mayor talked about a program that would reward landlords who kept there rents at a reasonable rate, I don't know if it would be a cut on property taxes or what since we don't have state taxes but I would have been fine with that but it never came to fruition?!

With you being away in texas you most definitely would have to pay someone to manage the property which will cut into your net operating income by up to 10%.

However, most newbies are not cut out for this game.

I am thinking about two options (1) change the zoning, as one of the neighboring lots was recently done, and build 3~4 townhouses and (2) cut the current lot into three, with the current house in the middle and build two craftsman houses on two sides.

I'm planning on cutting and installing rafters later today.

They had to cut expenses and stopped watering.

If the prospective tenants noticed it, slap another coat on...just roll the walls and dont cut in and it will go really fast.

(And actually invested in another business with a partner of mine) I don't have money to invest in properties myself (or skin in the game as is popularly referred to) With that being said my credit isn't great and I obviously understand the greater than normal risks involved so I would be happy to take a cut in the profits for the first few deals with higher points as I save up for the down payments private/hml require(I read average is 20-35%) However, I have heard and read about PML/HML that will make deals based solely on the deal without requiring you to put your own money down or checking credit or anything involved because they use the property as the gaurantee.

Cut the fat from the deal.

We may be interested in flip opportunities in southern California, but are unwilling to risk using loans until we see major tax cuts passed and signed by President Trump.