Because I dont care if the tenant loses all their belongings in a fire, or if they get sued.

@Matthew R Crawford So this post grabbed my attention as i'm a beginner in the real estate game myself.

Then when I purchase them from the tax sale (because the company never pays the taxes) I have the owner calling me all upset because I sent them a $10k redemption bill & damn near have a come apart on the phone once I send them pictures of their cashflowing investment property that was trash.It just feels like some kind of fraud is happening......Not that I care.

When a contractor says he needs to open the walls to give an exact quote most of the timed it means “In order To know if the systems(plumbing , electric, Hvac which are behind the walls) need attention walls need to be open.BUT a good contractor can know even without opening the walls.

The other tenant has been there years and will be evicted for numerous reasons that the previous owner did not care to address.I plan to fix up the property over the next few months and renew the existing tenant to a higher, 1-year lease and then search for a new tenant at market rate.Feeling a bit overwhelmed, I'd like some advice on where to start with a new thorough lease and forms to use since I want to secure a new lease with the existing tenant and will need to screen for a new tenant once I evict and renovate the other unit.I am considering to join the California Apart.

Be careful of your analysis on how quick equity builds on a mortgage and best of luck

The advice I can offer is be very careful of where you buy, many areas will never see any appreciation and the issues with distressed properties and tax problems, etc.

Given that it's a reno and they seem to lend on ARV, the purchase price of the house is essentially taken care of.

Well you have nothing for vacancy, leasing fees, PMI, capex, maintenance, lawn care or utilities.

Two things to be careful with though. 1.