Purchase price: $200,000 Cash invested: $5,000 Sale price: $251,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Seth Choate, successfully completed a deal on E Church Street, Stockton, CA.

So many of my out-of-state clients from California are successfully purchasing flips, BRRRRs, and buy and hold deals here at a very cheap price point, cash flowing, and have tons of appreciation.

My husband and I purchased a single family home with a ADU for 350k and spent about 100k after renovating and furnishing for short/midterm rental.

What options do we have for locking in purchase of the property NOW & him avoiding the tax hit of an immediate sale before it goes back on market next year.

But I’ll say a little about Los Angeles specifically.

Purchase price = x Cash down = 0Owner Financed amount = x  interest rate = xMonthly interest only payments to seller = x 20 yr. term = x so on and so forth with gross PP?

Do you do wraps, subj-2, lease w/option to purchase, CFD, Owner Fin, SDIRA, Owner financed 2d mortgages, Joint Venture the deal where you bring some capital and maybe help with repairs and sell and do splitsies, ....  

I will not do anything for less then 20% net cap, cash purchase.

I'll explain...When you purchase a property with existing tenants, who have a lease in place (in MN you can also have verbal leases), you'll inherit those tenants and the leases they signed with the seller on closing day. 

I would feel safe using the security deposit on smoke mitigation on turnover which might include kill/paint purchase of ozone machine steam cleaning or replacing carpet etc. remember to account for useful life if replacing.