It came out great and I still own this home.Identifying the source of the leak and repairing that is super important to prevent more problems.

There were a few important tactical and operational details in the single family business model that I either did not know or overlooked.

I do think that one important factor is the right attitude and the cajones to take on some risk and see it through.  

In the markets I shop, there are plenty of properties that will cost around the 80k mark total (including rehab).

., and borrower profile requirements such as experience level, credit, and other important aspects to your borrower.

Guys I’m sorry for overloading the forum, but this is a very important question and would like some advice before taking things to the extreme.

I have analyzed dozen including some provided by BP members and have yet to find one.  

Other options include owner financing and working with partners. 

Honestly I encourage people to sign up just make sure to go step by step threw all the videos don't jump around as you will miss important information that will answer questions later down the road. 

@Nick KnoblachOf course, you should always confirm with your own CPA who is familiar with your situation, but here's a few generalities:- CA taxes residents on worldwide income, so the CA resident will likely be taxed on the entirety of income that he/she receives on his/her CA resident tax return, including his/her share of rental income- CA will likely want to collect tax on all income earned in CA due to CA-sitused real property, so any non-residents in CA should likely be prepared to file a non-resident income tax return in CA to report his/her share of income earned from the CA real property-I'm not familiar with MN rules, but most states generally allow for a credit for taxes paid to another state.