Here in Calif, 16-units REQUIRE BY LAW a resident manager - - check your State requirements.You could operate 15 units as rentals and use the last as office / utility space and avoid the manager issue, but at 75 minute drive, I would think you would want a PM.

Also, even if the previous owner only owed 60k, you have to take into consideration the cost of foreclosing and the lost income if they hadn't been paying for months or years, not to mention any other costs of satisfying tax liens or maintenance issues that need to be resolved before sale.So, speaking as someone who has bought only 3 foreclosed properties:  You make an offer that works for you, and depending on how anxious they are to sell it, and how much interest they've had, they will accept or reject.  

layers) and essentially did a full gut rehab, including correcting some structural issues caused by an attempted "fix" of a bad tub surround in the shower.

avoid issues, see an attorney!)  

He refused to give me any further identifying details, saying if I found him in the first place I should have no issue knowing exactly who he is now. 

I want to fix the problems the right way up front and not have to worry constantly having issues, so my costs will be higher than his.

Hey guys, wondering what the locals think will be the impact of this from, here is the article from IBJ:September 6, 2016Hayleigh ColomboCarmel-based for-profit college operator ITT Educational Services Inc. announced Tuesday morning that it will permanently “discontinue academic operations” at all ITT Technical Institutes campuses.The company has already eliminated the “vast majority” of its 8,000 employees and canceled the fall academic quarter, which had been scheduled to begin this month, according to a statement released Tuesday morning.ITT Educational operates more than 130 ITT Technical Institute campuses in 38 states.ITT Tech announced a week ago it would stop enrolling students, and an Indianapolis charter school run by the companyhas also shut down.The move follows years of scrutiny by the federal education department over its recruiting methods and students’ educational performance, and recent actions that made itineligible to accept new studentswho relied on student loans.In its statement Tuesday morning, ITT called the federal sanctions “inappropriate and unconstitutional.""

Granted, every home will have issues but this one had hardly enough to make a financial difference on the investor who was buying it.One of the issues however, was the lack of GFCI protection in the home.

This has been an ongoing issue for quite some time here in the Portland area, especially for the rural areas.

He's provided me with additional advice and quick responsiveness for a Richmond tenant issue.