You should hire licensed contractor and subs to do the work if you're not qualified, and make sure they are bonded and insured too.As for the concern over lawsuits, you can:* Buy a home warranty, (or split with Buyers)* Get the information on Home Warranties (most title companies have brochures, or you can get one online) and give it to Buyers, then put in the contract that Buyers have been provided information on Home Warranties, and have the option to purchase one at their expense.

Problem is I found a property with 1 pic online, numbers look great online...actually has a tenant currently paying $650 which still leaves me about $300-$350 profit/month.

Just like the mortgage industry you can go online and shop loans quickly.

You buy it to park your cash in a safe place that has high appreciation and high demand for rent.That being said, send me a PM and I can get you a $500k apartment that will cashflow around $1300/month after CC/Tax and before debt service and a relatively strong growth rate over time.

Look for NUANCE PDF professional at staples or online.

You can find deals in safe neighborhoods like this but you have to sift through the properties on the market to find them.

Thank you for that information.It is suggested that you only use credit cards for recurring and online charges.

Good luck and be safe!

Hi, I am a newbie investor and recently purchased (or thought so) a home in san bernardino, ca through an online auction.com occupied reo auction.

Owning a strip mall or office building is a safe place to park some big cash if you have it.