I had it in writing at 60k so it was frustrating to see especially after paying my lawyer for the initial contract which was simply a waste of money if he had no intention of selling it on contract in the first place. 

I want to add that I wasn't planning on expanding after this property when I initially started looking around.

I agree with your comments but i would like to verify/confirm/support my thoughts with actual data>

Regarding financing with cars , it seems that many dealers aren’t even verifying income .

It's great that you are making 18% return on your initial investment, but you have to consider the "investment" you've made over the years too (aka principal repayments). 

.- no title seasoning on cash out refinances unlike FHA which has 12 months of title seasoning after purchase before you can use market value value or conventional which requires 6 months after acquisition (this applies to CO refinances where you used financing initially to purchase not DFE or delayed financing exception which is an all cash purchase and there is no lien/deed recorded on the property at the time of close), This becomes very handy for  creative RE entrepreneur once you learn how to force equity through adding value to properties you can use VA's no title seasoning advantage to increase the speed at which you move from deal to deal quicker than Conv/FHA- no self sufficiency rule when owner occupying 3-4 unit properties which FHA has (a rule that makes buying 3-4 unit FHA properties in high cost areas nearly impossible) so this a huge plus- use of rental income or other peoples income (OPI) to help you qualify on your 2-4 unit VA purchase (FHA and Conv does allow this too)There's a lot more you can do to optimize your mortgage planning from an investors perspective.With the introduction of the 2018 Tax Cuts, you can structure your taxes strategically to not only greatly reduce the tax impact but also remain bankable to most money sources.

I would look for something that you can turn into a 3 unit or 4 unit but a duplex may work at least initially — a shell is totally OK (and may be preferred) if you have the budget to renovate (note that you may be able to find a construction loan with as little as 3.5% down although you’ll need to run the numbers to see whether it will work for you).If the answer to the first question is no (or the answer to the first question is yes and the answer to the second question is no), then don’t invest in LA because you are likely able to get better cash flow elsewhere to offset your current housing costs.

Last I checked 800$ is more than 650$ .. think long term instead of initial rehab costs .

Hi - looking for actual verifiable info here (links would be great), not just opinions. :)We are doing a rehab in California and today (after getting signed off on everything last week) a building inspector just waltzed in the front door (no knock) and said he was there to "inspect the copper piping."

The taxes are $6,811 which is higher then what I initially thought.