Thanks for the reply investment loans, please supply your direct contact info.

The cost is normally state regulated and is proportional to the price of the house.

Colorado passed a new law that took effect that puts a number of regulations onto your dealings with the homeowner.

The one piece of information you didn't supply is if the $150k represents your total cash on hand.

No one here supplies anything.

Newbie here looking for help adapting generic paperwork and processes to the (litigious!) California foreclosure market.
:shock:

What are the major issues affecting my contracts/paperwork? How do I approach discuss...

From what little I know (and that is ALL I know in this area), I can't imagine how a place will cash flow given the numbers you supplied even with a large downpayment or do better than a regular MMF.

mwarden,In other words, I won't pay more than 70% of the market value (less repairs) for a property, thereby giving me 30% equity at closing.ctrentalguy,You missed a BUNCH of expenses, such as advertising, management, entity maintenance, legal fees, office supplies, utilities paid by owner (even if tenants pay utilities), evictions, court costs, damage done by tenants (beyond the security deposit), lawsuits, capital expenses, etc, etc, etc.Mike

In addition to the expenses he listed, you also have advertising, damage done by tenants (above the security deposit), utilities paid by owner (even if the tenant usually pays the utilities), office supplies, management, maintenance, tax preparation, etc, etc, etc (I could go on and on).

As far as I know, each municipality has different laws and regulations about signs on street corners.