If you fail to sign the lease and pay rent by the agreed rent, you will forfeit the deposit and we will place the rental back on the market.When someone inquires, cut/paste your response into an email.

Did you have the property tied up with a contract?

THIS IS WAY TOO LONG. this document is critical to a wholesale investor because it is what protects us from any dishonest sellers/buyers cutting us out of a deal. i do not want to know what it feels like to lose money on a deal just because i couldnt get this figured out. 

Some cover all of the rehab and then cut your LTV for the acquisition while still others require payments during construction and others don't. 

I think I should continue growing my SFH portfolio and hire property management as I am getting tied on time to manage them.

I don't love the idea of tying up all my liquidity in an expensive SFH, but the Bay Area is a fairly high appreciation area. 

You'll need to be 100% transparent with the owner and probably either pay him higher rent or cut him in on the profits.

When you consider that the HOA fee is almost equal to the property tax and the rents are not very high, then the HOA fee cuts deep into your profit.

That would make the most sense as not to take away from cash flow and to cut expenses ASAP.

Just some items to think about if you haven't already.Another note, if the tenant isn't still tied to a long term lease, it *could* be more favorable to a buyer and you may end up with a higher sales price.