It gives us an uphill climb that is completely unnecessary.The worst part of this Zestimate scam is that they show you the Zestimate in big bold numbers, but you have to dig deep to find the chart I posted here.

The dirty dealing sellers hope the buyer is in too deep by then and still purchases the property.Sometimes sellers are dirty dealers and other times they just keep crappy records.

I ended up here after a long bout of Googling, and after a look around, I believe this the best place to find my footing before diving in.

Cool post, and good for you for getting started and taking the time to shop around before just diving into something.If it helps, my advice would be to run the numbers on ALL scenarios.

@James Purvis - Keith Weinhold (Get Rich Education Podcast) has a great episode that goes deep into why leverage is good. 

@Jimmy JonesWithout diving into small details - yes, in your example it will erase the $1,000 net profit to zero.

Not to mention the personal stress they and their families went through.I ask because most people are not going to have deep enough pockets (if the lose) to be able to bring appeals.I'm not trying to poke holes in your business model, just trying to get an idea of the "Risk" associated with operating as a series LLC in a non-series state.And using one in California seems totally unpredictable because the courts there do not seem to respect even black letter law, and will find ways to "Just do what ever they want" in a particular case. 

Then he'll need a deep clean, then someone to level his concrete floor and install some new flooring he has on hand, then clean again (it's that bad). 

I am knee deep in rehabbing a property that I just purchased at a Sheriff sale and I've previously done two others.

IE far more complicated than west coast states and some deep south states.I can see the folks at the sale not being friendly in a BP type of way..