., corporations, partnerships) that are owned by parents or children do not qualify"https://www.sccassessor.org/index.php/tax-savings/...

So you don't want to include language that hints that you prefer not to rent to any particular group.Examples:Okay = "Minimum income = $2,700/month gross"Bad = "This unit is best for a married couple who both work"Okay = "Maximum occupancy 6 persons"Bad = "This unit is perfect for a single couple"Okay = "No smokers allowed"Bad = "No Asians allowed"Okay = "No pets allowed"Bad = "No children allowed"Okay = "This unit is located near Main Street and 23rd Street"Bad = "This unit is located near St.

However, there are plenty of ways to make money buying such cheap property...it depends on who you ask but starting out I suggest going for an easier location to deal with and after  gaining some experience then toy with a more "challenging" area.

I've done 800+ deals and I don't see a crash and would challenge anybody who says there is going to be a crash to document that with evidence. 

Another challenge is having the capital to put down to secure the property and have enough left for all the contingency factors I must take into consideration.  

What would be the costs associated with gifting a fully paid off house to your children?

PM has always been challenging, but TK adds a layer of expectation by the buyer/landlord.  

We were being a little picky on where we stay since we are in Stockton CA we try and stay away from the really bad areas for the safety of our children we have 4 children ages 16, 13, 9, and 5 the 5 year old is austistic.

wayne is exactly right. if you do get the high bid and buy it, you then have to get the tenants out of the place. that can be challenging. at that point, you can see what the inside looks like. at this point, if no one gets to see the inside, well, that just means the price you will offer is just that much less. you have to assume, then, that it is a total loss in the inside

I have one association that takes 1 month to approve or deny a renter so it is challenging.