I, like many new/aspiring investors, was drawn into this world by watching late night TV.

He is currently paying $1100 rent & paid on time. previous landlord said paid mostly on time (had a few lates but let landlord know ahead of time & paid the late fee) & said would rent from them again.

It was the late seventies, the Carter malaise years, and I didn't see anyone making money.

My wife and I are waiting for our new construction condo to be finished.

On the sixth a tenant who hasn't paid is five days late, not one day late as they think.

First, I have no idea what prices in your area look like, what types of contractors you plan to use, how much of the work you plan to do yourself, what level of finishes you'd use, etc...so my comments below are purely speculation and generalization

Have you checked the pricing of comps lately?

I was thinking of trying to find out if they owe on taxes, late on payments or have equity etc.

Mehran Kamari, sorry to respond so late, I just came back from visiting Austin, thinking about investing or moving there.

Hi I started a new s corp to buy fix and sell houses mainly in san diego californiaI started my first project as a corporation with a licensed contractor with worksmens comp, it was more expensive than when i was doing it as owner/builder with a bunch of subsAnyway the project was finished and sold but I need to finish a request for repairs in order to finalize the transaction.