Crazy thing is the neighborhood held a charity event to help him fix the house around the same time it happened, Raised $19,000 for him.

just rely on that inspector and your judgementhttp://www.biggerpockets.com/files/category/formsI was born and raised in Pomona, CA so i know the areas of the Inland Empire.  

If you are, then either raise rents or buy for less.

Originally posted by @Scott Trench:Bill Schrimpf for a raise :-p

He is paid a salary, two raises since he started, exceptionial performer, without being tied to specific preformance criteria, mostly because I couldnt figure out the criteria.

We began to raise a small capital as we prepared to hunt for our first deal.

If your house goes down in value, so should your taxes, which would improve your cash flow without having to raise the rent.Don't get me wrong, I don't hope my houses depreciate (mainly since I like to refi to get all my cash back out to use again), but there is a silver lining when it does go down.Joe VilleneuveREcapSystemA2REIC

You raise a good point.

I was born and raised in Denver, CO, and moved to Victor with my husband full time about five years ago.

There is a difference between funding a factory to employ 40 people on an ongoing basis and raising funds to employ 5 guys for 3 weeks to flip a house.